Robert lives in the Kericho area of Kenya, which has a climate that is excellent for agriculture. He has one child and has been in his current line of work for five years. Most of his income comes from producing milk, tea and various crops. He enjoys farming but also knows that it is expensive to maintain a farm. He is requesting this loan from Juhudi Kilimo to increase his income, He joined our organization as a way to improve his productivity. His highest monthly expense is farming costs.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Robert owns the following: a cow, poultry and a motorcycle, but does not own a pig, pump, bicycle, or 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, electricity and a TV but does not have solar power, running water, a 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.