Joel lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. He has two children and has been doing this work for 13 years. His primary income sources are milk, eggs, crops.
He stated what is most enjoyable about farming: 'Being able to meet the family's need from agriculture!' His biggest challenge is 'livestock disease outbreaks affecting production and causing death of animals.
He will use the loan of 52,000 KES he has requested to buy and insure a dairy cow.
Joel was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Knew about Juhudi from a neighbour.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'How to boost production through micro finance.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Joel replied 'Acquire a dairy cow to boost production.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joel owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, 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.