Simon lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. He has four children and has been doing this work for seven years. His primary income sources are eggs and crops.
He stated that selling his produce is most enjoyable about farming. His biggest challenge is “feeding the animals during drought.” Animals on the farm have been given no names.
Simon was asked why he chose Juhudi Kilimo for this loan, to which he replied, “They offer low interest on their loans.” This client was also asked what was learned during Juhudi's required micro-finance training session, to which he replied, “They use groups to offer loans to smallholder farmers.”
His highest monthly expense is farming costs. When asked how this loan will benefit his family, Simon replied that he will get more income that will be used to educate their children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Simon owns poultry, but does not own a cow, 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 solar power, but does not have a mosquito net, electricity, running water, sewing machine, 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.