Christopher lives in the Kericho area of Kenya, which lies in the tea-growing region of Kenya. He has 10 children and has been in agriculture for 30 years. His primary income sources are milk, eggs, and tea.
He stated that he finds dairy farming the most enjoyable aspect of farming. His biggest challenge is dairy feeds and the market of dairy products. One of the animals on the farm has been given the name Tuiyei.
When asked why he chose Juhudi Kilimo for this loan, Christopher replied, "because of the low interest rate and easy mode of repayment." Christopher was also asked what he learned during Juhudi's required micro-finance training session. He said, "Records are kept in a passbook, which shows the payment of an individual."
His highest monthly expense is farming costs. When asked how the loan will benefit his family, Christopher said that it will help him construct a cow shed that will give his cows a conducive environment for more milk production. Christopher owns the following: a cow and poultry. He does not own a pig, a pump, a bicycle, a motorcycle, or an automobile. In his household, he has a mosquito net, electricity, running water, a TV, and a DVD player, but he does not have solar power or a sewing machine.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.