Joseph lives in the Kisii area of Kenya, where available land is scarce. His primary income sources are milk and eggs. He has two children and has been doing this work for four years.
He stated what is most enjoyable about farming: "Earnings gotten from it." His biggest challenge is that it is time consuming. Animals on the farm have been given the names of "Omosigisi."
Joseph was asked why he chose Juhudi Kilimo for this loan, to which he replied: "It offers low interest." He was also asked what was learned during Juhudi's required micro-finance training session: "They help people to improve their lives."
His highest monthly expense is school fees. Joseph says that this loan will help stabilize his family.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joseph owns a cow and poultry, but does not own 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. Joseph has a mosquito net and electricity in his house, but does not have solar power, running water, a sewing machine, a TV, or a 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.