Onesmus lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. He has three children. He has been farming for three years. His primary income sources are milk, eggs, crops, and personal business.
He stated what is most enjoyable about farming: 'Income from farming.' His biggest challenge is 'Marketing the produce.' Animals on the farm have been given no names.
Onesmus was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Good loan terms.' This client was also asked what was learned during Juhudi's required microfinance training session: 'Savings as a foundation for the group co-guarantee.'
His highest monthly expense is family expenses. When asked: 'How will this loan benefit your family,' Onesmus replied: 'I will be able to educate my children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Onesmus owns a cow and poultry, but does not own a pig, pump, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a sewing machine, but does not have a mosquito net, electricity, solar power, running water, TV, or DVD.
To facilitate a partnership between Kiva and Juhudi Kilimo, K-Rep Group (Juhudi Kilimo’s 100% owner) has guaranteed Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.
About Juhudi Kilimo:
Juhudi Kilimo is a for-profit social enterprise working with small-holder farmers in Kenya to finance purchases of dairy cows, chickens, agricultural equipment, and other assets that create immediate cash flow. Many of the assets are insured to prevent devastating business losses, and targeted technical assistance is provided to farmers, from agricultural training to basic book keeping and local market research.