Walter lives in the Kisii area of Kenya, which is not far from Masai land. He has two children and he has been doing this farming work for six years. His primary income sources are milk, eggs, tea, crops, and personal business.
Walter stated what is most enjoyable about farming: "Source of income for his household needs." His biggest challenge is: "Lack of market." Animals on the farm have been given no names.
Walter was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Unlike other microfinance institutions, it has better customer service." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "It helps us improve our lives."
His highest monthly expense is family expenses. When asked: "How will this loan benefit his family?," Walter replied: "Improved living standard."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Walter owns the following: 'cow and poultry,' but he does not own: '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: 'mosquito net and sewing machine,' but he does not have '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.