Isaiah lives in the Litein area of Kenya, which is an area known for tea production. He has no children.
Isaiah has been doing this work for four years. His primary income sources are milk, crops and besides farming, he has a personal business.
He stated what is most enjoyable about farming is growing crops and rearing his livestock. His biggest challenge is lack of funds. Animals on the farm have been given the names of 'Seroi, lelkina.'
Isaiah was asked why he chose Juhudi Kilimo for this loan, to which he replied, "Because they give a grace period for their loans"' This client was also asked what was learned during Juhudi's required micro-finance training session, to which he replied, "That they limit their first loans."
His highest monthly expense is transportation costs. When asked how this loan will benefit his family, Isaiah replied that he will be able "to invest in other income generating activities."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Isaiah owns the following: a cow and a motorcycle, but he does not own a pig, poultry, a pump, a bicycle 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 DVD player, but does not have electricity, solar power, running water, a sewing machine or a TV.
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.