Esther lives in the Muranga area of Kenya, which lies in the central Rift Valley. She has one child and has earned a living for the last 20 years by producing milk and various crops. She enjoys farming, but suffers from a lack of capital. She will use this loan to buy and insure a dairy cow. She likes being a client at Juhudi Kilimo because it offers low interest rates and good repayment terms. Her main monthly expense is caring for her family. When asked "How will this loan benefit your family?," Esther replied "I will get more income from my dairy cows and therefore be able to better provide for my family's needs."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Esther owns a cow and poultry, but does not own a pig, pump, bicycle, motorcycle, or automobile. She has a household mosquito net and electricity, but does not have solar power, running water, a sewing machine, a TV or a DVD player
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send it to a central online repository. This reduces our paper use, makes the lending business more efficient, and keeps 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.