Ronald lives in the Kisii area of Kenya, which is an area that does not suffer from a dry season. He has two children and has been farming for 15 years. His primary income sources are milk and transportation services.
He stated that what is most enjoyable about farming is reaping the benefit, i.e., milk. The biggest challenges he faces are diseases and climate change. He has given the name “Nyareso” to the animals on the farm.
Ronald was asked why he chose Juhudi Kilimo for this loan, to which he replied, “Good services.” This client was also asked what he learned during Juhudi's required micro-finance training session and he said, “Benefits of microfinance.”
His highest monthly expense is business related. When asked how this loan will benefit his family, Ronald replied that it would help him cater to his family needs.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Ronald owns a cow, poultry and a motorcycle but does not own a pig, a pump, a bicycle or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in his household a mosquito net, running water, a TV and a DVD player but does not have electricity, 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.