Jackson lives in the Kitale area of Kenya, which has a high regional output of maize. He has two children. He has operated a dairy business for six years. His primary income sources are milk and eggs. The loan of 62,400 KES from Juhudi Kilimo will help him buy and insure a dairy cow.
Jackson says what is most enjoyable about farming is, "feeding cows!" His biggest challenges are "diseases and expensive dairy feed." Animals on the farm have been given the names of "Maua."
When Jackson was asked why he chose Juhudi Kilimo for this loan, he replied: "Because it gives loans to farmers to boost their production and improve their livelihoods." When asked what was learned during Juhudi's required micro-finance training session, Jackson replied, "the importance of directing funds to the intended projects."
His highest monthly expenses are his children's school fees. When asked how this loan will benefit his family, Jackson replied, "My children will get a proper education and food."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jackson owns a cow and poultry but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net but does not have electricity, solar power, running water, sewing machine, TV or DVD.
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.