Yusuf lives in the Kisii area of Kenya, which has scarce available land. He has five children and has been doing this work for seven years. His primary income sources are milk, eggs, tea, crops and salary from a job.
He stated what is most enjoyable about farming: 'Feeding cows.' His biggest challenge is 'Changes in weather which affect animals.' Animals on the farm have been given the names of 'Nyasuguta.'
Yusuf was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because of low intrest rate.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'That the group members guarantee each other.'
His highest monthly expense is school fees. When asked 'How will this loan benefit his family', Yusuf replied 'They will have more milk and eggs for sale.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Yusuf owns the following: 'cow, poultry' but does not own 'pig, pump, 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.