Mathew lives in the Litein area of Kenya. He has four children. His primary income sources are milk, eggs, crops, and he has been doing this work for six years.
He stated what is most enjoyable about farming: "Growing crops and rearing livestock." His biggest challenge is "lack of enough capital to expand farming." Animals on the farm have been given no names.
Mathew was asked why he chose Juhudi Kilimo for this loan, to which he replied: "It is convenient and they will help him construct a greenhouse." This client was also asked what was learned during Juhudi's required micro-finance training session: "They are part of our economic development."
His highest monthly expense is farming costs. When asked, "How will this loan benefit his family,", Mathew replied, "It will increase income and improve living standards."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Mathew owns the following: a cow, poultry, and a pump but does not own a pig, 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 his household a mosquito net and running water. but does not have electricity, solar power, a sewing machine, a TV, 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.