Jeniffer lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. Her primary income sources are milk, eggs, crops, and a personal business. She has 1 child and has been doing this farming work for 8 years.
Jeniffer stated what is most enjoyable about farming is seeing her hens grow lay eggs and she loves seeing them lay eggs and also the income from them. Her biggest challenge is getting enough feed for her broiler hens. She will use this loan to construct a dairy unit and buy poultry birds.
Jeniffer was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'From another Juhudi client.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'She has learnt more on animal husbandry.'
Her highest monthly expense is school fees. When asked 'How will this loan benefit your family?' Jennifer replied that she will be able to educate her child who is now in university, and she will also be able to feed her family.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jennifer owns the following: 'cow, poultry' but does not own '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 'mosquito net, solar power, running water, sewing machine, TV, DVD' but does not have 'electricity'.
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.