Catherine has five children and lives in the Murang'a area of Kenya, which lies in the central Rift Valley. For the past five years, she has been a farmer and her primary products are milk and crops. Catherine finds horticultural farming and growing French beans especially enjoyable. Her business challenges include the lack of irrigation equipment. Her cow, which is her farm animal, is named Meni, which is a name given to a cow with a black spot on its body
Catherine is requesting a loan to to diversify her farming business by buying poultry and fertilizer. She chose Juhudi Kilimo for her loan because it is offering loans for farming. Catherine attended a required micro-finance training session and learned that it is easier to access a loan from micro-finance institutions compared to other financiers like banks. Her largest monthly expense is school fees. Catherine believes that her loan will increase her French bean and tomato crop which will help her to pay school fees and provide for her family's basic needs.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Catherine owns a cow, poultry, and a bicycle, but does not own a pig, pump, motorcycle, or automobile. Juhudi Kilimo tries to measure any change in living standards based on this loan. This borrower has a household mosquito net but does not have electricity, solar power, running water, sewing machine, a TV, or a DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send 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.