Kennedy lives in the Nyamira area of Kenya, which is a popular region for growing bananas. He has four children and has been doing this work for years. His primary income source comes from tea and crops.
He stated what is most enjoyable about farming is earning the returns from farming. His biggest challenge is cattle rearing. Animals on the farm have been given the names of "Nyansanako."
Kennedy was asked why he chose Juhudi Kilimo for this loan, to which he replied: "The loan requirements are favorable." This client was also asked what was learned during Juhudi's required micro-finance training session. Kennedy replied, "The products are financed by Juhudi."
His highest monthly expenses are his children's school fees. When asked how this loan will benefit his family, Kennedy replied, "Their basic needs will be taken care of."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kennedy owns a cow but does not own a pig, poultry, 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 household a mosquito net, electricity, TV and DVD but does not have solar power, running water or a sewing machine.
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.