Wesley lives in the Kericho area of Kenya, which has a climate that is excellent for agriculture. He has no children and has been doing this work for 4 years. His primary income sources are milk, tea, and crops.
He stated what is most enjoyable about farming: 'Poultry keeping.' His biggest challenge is 'Market of the poultry product.' Animals on the farm have been given no names.
Wesley was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because of easy repayment and grace period.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'It loans smallholder farmers in groups.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit his family', Wesley replied 'Family living standard will improve.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Wesley owns the following: 'poultry, motorcycle' but does not own 'cow, pig, pump, bicycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, electricity' but does not have 'solar power, running water, sewing machine, TV, 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.