For the past nine years Jonah has been a farmer who derives his income from the milk, eggs and crops he produces on his farm (the animals on his farm have been given no names). As a farmer he most enjoys selling his produce. His biggest challenge is irrigating the farm during the dry season.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jonah has a cow and poultry but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any expected change in living standards based on this loan. Jonah has in the household mosquito nets, solar power and running water but does not have electricity, a sewing machine, TV or DVD player.
Jonah is applying for a 65,000 KES loan to buy more poultry. When asked why he chose Juhudi Kilimo for this loan he replied that the lender targets farmers like him. When also asked what he learned during Juhudi's required microfinance training session, he stated that record keeping is the key to success.
Jonah says that this loan will benefit his family by increasing his family’s food supply during all the seasons.
Important InformationTo 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.
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