Geoffrey is a dairy farmer. His primary income sources are milk, eggs, and crops. He has been engaged in this work for six years and lives in the Eldoret area of Kenya, which is a training ground for many of Kenya's Olympic runners. He has four children.
He tells us that what he enjoys about farming is working with his dairy cows. His biggest challenges are pests and disease control.
Geoffrey was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Juhudi Kilimo is very efficient.' This client was also asked what was learned during Juhudi's required micro-finance training session, and he answered, 'How to develop a savings culture.'
Geoffrey's highest monthly expense is school fees for his children. When asked how this loan will benefit his family, Geoffrey replied, 'It will give them a better quality of life.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Geoffrey 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 tells us that his household has 'a mosquito net and electricity' but does not have 'solar power, running water, a sewing machine, a TV, or a DVD player.'
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 diwn.
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.