Samuel lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. He has 3 children and has been doing mixed farming for 10 years. His primary income sources are milk, eggs, and transportation services.
He stated what is most enjoyable about farming: 'Selling his farm produce.' His biggest challenge is 'Watering crops in drought seasons and that is why he wants to purchase a water pump.' Animals on the farm have been given no names.
Samuel was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'it has better loan terms.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'One can improve their lives through borrowing.'
His highest monthly expense is school fees. When asked 'How will this loan benefit his family.', Samuel replied 'Will improve his farming hence more income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Samuel owns the following: a cow, poultry, a pump, and a motorcycle, but does not own a pig, a bicycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household solar power, a TV, and a DVD player, but does not have a mosquito net, electricity, 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.