Landry lives in the Kericho area of Kenya, which lies in the tea growing region of Kenya. He has five children and has been doing this work for five years. His primary income sources are milk and tea.
He stated what is most enjoyable about farming: "It has given me a new experience." His biggest challenge is: "It's expensive to manage a farm." Animals on the farm have been given the names of 'Boito.'
Landry was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'increases income.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Improvement of livelihood.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit his family', Landry replied 'Improvement of livelihood.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Landry owns the following: 'cow and bicycle,' but does not own 'pig, poultry, pump, motorcycle, 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 solar power,' but does not have 'electricity, running water, sewing machine, TV, 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.