Kenneth lives in the Eldoret area of Kenya, which is a primary milk producing area. He has 1 child and has been doing this work for 5 years. His primary income sources are milk, eggs, crops, and personal business.
He stated what is most enjoyable about farming: "Adding value to agricultural products to fetch more income through operating a food kiosk." His biggest challenge is "High costs of transport reduces the margin earned." Animals on the farm have been given no names.
Kenneth was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Was first introduced to Juhudi Lilimo through a group member in Juhudi Kilimo." This client was also asked what was learned during Juhudi's required micro-finance training session and replied: "How to work in a group to gain financial freedom and minimise default."
His highest monthly expense is transportation costs. When asked "How will this loan benefit his family?", Kenneth replied "Will put up a dairy unit as a start for dairy keeping."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Kenneth owns "cow, poultry ,pump, but does not own pig, bicycle, motorcycle, automobile." Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household "mosquito net" but does not have "electricity, solar power, running water, sewing machine, TV, 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.