Erick lives in the Nkubu area of Kenya. He has no children and has been farming for 10 years. His primary income sources are selling milk, eggs, and crops and from other business.
He stated what is most enjoyable about farming: '"better profits!" His biggest challenge is "poor transportation." Animals on the farm have been given the names of "Kainyu."
Erick was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Quick services." This client was also asked what was learned during Juhudi's required micro-finance training session: "co-guarantee mechanism."
His highest monthly expense is farming costs. When asked how this loan will benefit his family, Erick replied "improve living standards."
s part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Erick owns the following: a cow, poultry, and a motorcycle but does not own a pig, a pump, 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 mosquito nets, running water, a TV, and a DVD but does not have electricity, solar power, 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.