Godfrey lives in the Muranga area of Kenya, which is a heavy pineapple-producing region. He has 2 children, and has been doing this work for 7 years. His primary income sources are crops, tea, milk, and eggs.
He stated what is most enjoyable about farming: 'selling the farm output and the income received.' His biggest challenge is 'lack of enough manpower when cultivating the farm.' Animals on the farm have been given the names of 'Mrembo, kireri, gicharu, kiiru, and kamindira.'
Godfrey was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Because of assisting farmers. 'This client was also asked what was learned during Juhudi's required micro-finance training session: 'Gives financial support to farmers.'
His highest monthly expense is farming costs. When asked 'How will this loan benefit his family', Godfrey replied 'Income from the pig farming will improve living standards and pay school fees.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Godfrey owns the following: a cow, poultry, a bicycle, and a motorcycle, but does not own a pig, a pump, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net and running water, but does not have electricity, solar power, a sewing machine, a TV, or a DVD player.
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.