Gilbert lives in the Kericho area of Kenya, which lies in the tea growing region of Kenya. He has two children and has been doing this work for five years. His primary income sources are milk and tea.
Gilbert stated that he enjoys farming, but that his biggest challenge is lack of capital. Animals on the farm have been named 'Tamt'.
Gilbert undertook the required microfinance traning session with Juhudi, where he said he learned about funding for small scale farmers. He said chose Juhudi Kilimo for for this loan due to the cheap interest.
His highest monthly expense are the farming costs. Gilbert plans to use the increased income from the loan to support his family.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gilbert owns cows and poultry but does not own pigs, a 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 electricity and a TV in the house but does not have a mosquito net, solar power, running water, sewing machine or DVD player.
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.