Simon lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. He has 2 children and has been doing farming for 5 years. His primary income sources are milk and eggs. He enjoys selling farm produce, which is his biggest challenge. Animals on the farm have been given the names of 'Kadogo, muiru cows’.
Simon was asked why he chose Juhudi Kilimo for this loan, to which he replied, “For their loans are processed quickly”. This client was also asked what was learned during Juhudi's required microfinance training session. He replied, “They enable small holder farmers to get loans easily”.
Simon’s highest monthly expense is the farming costs. When asked how the loan would benefit his family, Simon said it would improve their farming.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Simon owns a cow, poultry, and a bicycle. He does not own a pig, pump, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower does not have a mosquito net, electricity, solar power, running water, sewing machine, TV, or DVD.
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.