Ibrahim lives in the Kisii area of Kenya, which is a primary region for growing bananas and sugar cane. He has four children, and he has been doing farm work for 10 years. His primary income sources are selling eggs and other crops.
Ibrahim wishes a loan to buy a dairy cow. He stated what is most enjoyable about farming: "Income from selling output." His biggest challenge is "Lack of market." Animals on the farm have been given the names of "Nyabarati."
Ibrahim was asked why he chose Juhudi Kilimo for this loan, to which he replied: "It has a lower interest." This client was also asked what was learned during Juhudi's required micro-finance training session: "Juhudi aims at improving poor peoples lives."
His highest monthly expense is family expenses. When asked "How will this loan benefit his family," Ibrahim replied "Improve their living starndatds."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Ibrahim owns the following: poultry but does not own a cow, a pig, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in his household mosquito nets but does not have electricity, solar power, running water, a sewing machine, a TV, or a 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.