Christopher lives in the Kericho area of Kenya, which lies in the tea growing region of Kenya. He has ten children, and he has been agriculture for 30 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: "Dairy farming." His biggest challenge is "dairy feeds and market of dairy product." Animals on the farm have been given the names of "Tuiyei."
Christopher was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Because of low interest rate and easy mode of repayment." This client was also asked what was learned during Juhudi's required micro-finance training session: "Records are kept in passbook, which shows the payment of an individual."
His highest monthly expense is farming costs. When asked how will this loan benefit his family, Christopher replied, "Farm output will increase."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Christopher owns the following: a cow and poultry, but does not own a pig, a pump, a bicycle, a motorcycle, or an automobile. This borrower has in the household mosquito nets, electricity, running water, a TV, and a DVD, but does not have solar power or a sewing machine.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
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.