Peter lives in the Litein area of Kenya. He has no children, and he has been doing this work for 10 years. His primary income sources are from his farm: milk, eggs, tea. He is seeking a loan to buy more poultry.
He stated what is most enjoyable about farming: "Cultivating." His biggest challenge is "limited capital."
Peter was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Low interest." This client was also asked what was learned during Juhudi's required micro-finance training session: "How to develop a saving culture."
His highest monthly expense is farming costs. When asked "How will this loan benefit his family?" Peter replied "Better farm yields."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Peter owns the following: a cow and poultry, but does not own 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 the household mosquito nets and electricity, but does not have 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.