Kiprotich lives in the Kericho area of Kenya, which has a climate that is excellent for agriculture. He has four children. His primary income sources are milk and eggs. He has been doing this work for five years.
He stated what is most enjoyable about farming: "Growing crops and rearing livestock.'" His biggest challenge is that farming is expensive. Animals on the farm have been given the name of "Cheboit."
Kiprotich was asked why he chose Juhudi Kilimo for this loan, to which he replied: "They have cheap rates." This client was also asked what was learned during Juhudi's required micro-finance training session: "It gives increased income."
His highest monthly expense is school fees. When asked how this loan will benefit his family', Kiprotich replied, "'Improvement of livelihood."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kiprotich owns the following: a cow and poultry but not a pig, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net and a TV' but does not have electricity, solar power, running water, a sewing machine, or a 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.