Hezekiah lives in the Nyamira area of Kenya, which is a popular banana-growing region. He has 3 children and has been doing this work for 10 years. His primary income sources are milk, tea, crops, transportation services and his salary.
He states what is most enjoyable about farming: "Cattle rearing!" His biggest challenge is "crop farming, especially when attacked by pests and diseases." Animals on the farm have been given the names of 'Nyang'era.'
Hezekiah was asked why he chose Juhudi Kilimo for this loan, to which he replied that he wanted to grow in the area of farming. This client was also asked what was learned during Juhudi's required micro-finance training session. He said he learned about loan repayment and assets financed.
His highest monthly expenses are family expenses. When asked how this loan will benefit his family, Hezekiah replied that through expansion in farming, their needs will be provided.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Hezekiah owns the following: 'cow, pump, motorcycle' but does not own 'pig, poultry, bicycle, automobile.' Juhudi Kilimo also tries to measure any change in living standards based on this loan. In the household, this borrower has a mosquito net , TV, and solar power, but does not have 'electricity, running water, sewing machine 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.