Samuel lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. He has no children.
Samuel has been doing farming work for eight years. His primary income sources are milk, eggs and crops. He stated what is most enjoyable about farming is selling his produce. His biggest challenge is controlling diseases. Animals on the farm have been given the names of Master and Uhuru, and both are cows.
Samuel was asked why he chose Juhudi Kilimo for this loan, to which he replied, "for the ease of accessing loans from them." This client was also asked what was learned during Juhudi's required micro-finance training session, and replied that the unbanked can get financial assistance from these institutions.
His highest monthly expense is farming costs. When asked, "How will this loan benefit your family?" Samuel replied that is will improve his farming.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Samuel owns the following: cow, poultry, and bicycle, but he does not own a pig, pump, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household solar power, but does not have mosquito nets, electricity, running water, a sewing machine, a TV, or a DVD player.
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.