Tom lives in the Nkubu area of Kenya. He has 2 children and has been doing this work for 11 years. His primary income sources are: milk, eggs, transportation services (motor bike), and personal business-as an extra source of income.
He stated what is most enjoyable about farming: 'Better profits.' His biggest challenge is 'Insufficient capital.' Animals on the farm have been given the name of 'Kanini.'
Tom was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'They offer better services.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Savings are used as collateral.'
His highest monthly expense is family expenses. When asked 'How will this loan benefit his family', Tom replied 'it will improve their living standards by increasing their income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Tom owns the following: a motorcycle, a cow, and poultry, 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 the household a mosquito net, electricity, TV, and a DVD player, 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.