Dennis lives in the Litein area of Kenya. He has no children and has been involved in agriculture for 6 years. His primary income sources are milk and tea.
He stated that to him, harvesting is most enjoyable about farming. His biggest challenge is insufficient funds. Animals on the farm have been given the name of Lelkina.
When Dennis was asked why he chose Juhudi Kilimo for this loan, he replied that it was because of fast loan processing. He was also asked what was learned during Juhudi's required micro-finance training session, to which he responded, 'It gives dairy loans.'
His highest monthly expense is family expenses. When asked how this loan would benefit his family Dennis replied that the family income will increase.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Dennis owns a cow and a bicycle but does not own pigs, poultry, a pump, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net in the household 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.