Elias lives in the Nkubu area of Kenya. He has two children and has been doing this farming work for 22 years. His primary income sources are milk, eggs, job salary, and personal business.
He stated what is most enjoyable about farming: 'Farming.' His biggest challenge is 'Transportation costs.' Animals on the farm have been given the names of 'Kanini & Kairu.'
Elias was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Interest on a reducing balance.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'offers financial services to smallholder farmers.'
His highest monthly expense is school fees. When asked 'How will this loan benefit your family?' Elias replied, 'Improve living standards.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Elias owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, 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, running water, TV, DVD' but does not have 'solar power, sewing machine'.
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.