Ruth lives in the Eldoret area of Kenya, which is a primary milk producing area. She has five children and has been doing this work for five years. Her primary income sources are milk, eggs, crops, and personal efforts. She will use the loan amount to buy and insure a dairy cow.
She stated what is most enjoyable about farming: "She is independent and can plan her work without supervision!" Her biggest challenge is "bad debtors and lack of organized markets for her products." Animals on the farm have been given the names of Lelmet, Karait, Chenwech, and Purity.
Ruth was asked why she chose Juhudi Kilimo for this loan, to which she replied: '"from friends." This client was also asked what she learned during Juhudi's required micro-finance training session: "how to do farming as a business."
Her highest monthly expense is school fees. When asked, "how will this loan benefit your family?" Ruth replied, "'She will be able to get more income and take her kids to good schools, and they will also feed well."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Ruth owns the following: "a cow, poultry" but does not own "a 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 a mosquito net and electricity, but does not have solar power, running water, sewing machine, 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.