Monicah lives in the Eldoret area of Kenya, which is a primary milk producing area. Her primary sources of income are milk, crops, and a salary job. She has three children and has been doing this work for ten years.
Her favourite part of farming is poultry. She loves poultry and enjoys feeding them! Her biggest challenge is disease that can lead to the death of a large amount of birds. Animals on the farm have been given the names 'Tina.' She will use the loan to buy poultry.
Monicah chose Juhudi Kilimo for this loan after she got information from other existing clients. After Juhudi's required micro-finance training session, Monicah said she learned about how to invest in farming and increase her income.
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Monica said that she will get more income which she will use to send her children to school.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Monica owns a cow, poultry, pump, and automobile but does not own a pig, bicycle, or motorcycle. Juhudi Kilimo also tries to measure any change in living standards that may come from a loan. This borrower has a mosquito net, electricity, running water, TV, and DVD, but 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 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.