Nyauma is married with seven children. He lives in the Nyamira area of Kenya, which is a popular banana growing region. For 20 years, Nyauma has been a farmer and his primary income sources are milk, eggs, tea, crops, and his personal business. His most enjoyable aspect of farming is the good bonus from tea farming and his biggest business challenge is changing prices. Animals on Nyauma’s farm have been named “Nyabarati.” When asked why he chose Juhudi Kilimo for his loan, Nyauma replied, “it has good terms and conditions.” He learned that Juhudi assists the public with funds during his required microfinance training session. Nyauma’s greatest monthly expense is school fees and he hopes his loan will improve his status.
Nyauma is requesting a loan to construct a dairy barn. As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Nyauma owns a cow, poultry, and a motorcycle, but does not own a pig, pump, bicycle, or automobile. His household has a mosquito net but does not have electricity, solar power, running water, a sewing machine, TV, or 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.