Esther lives in the Eldoret area of Kenya, which is training grounds for many of Kenya's Olympic runners. She has two children and has been doing dairy work for six years. Her primary income sources are milk, eggs, crops, and personal business.
She stated what is most enjoyable about farming: "Feeding my animals!" According to Esther, her biggest challenge is not having enough animal feed due to lack of enough capital. The animal pictured on the farm is named Lelgina.
Esther was asked why she chose Juhudi Kilimo for this loan, to which she replied that she was informed by a client of Juhudi Kilimo of the low interest rate. This client was also asked what was learned during Juhudi's required micro-finance training session, to which she replied, "How make my own savings, credit management."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?" Esther replied, "More milk for sale hence more money for family upkeep." This loan will help her buy and insure a dairy cow.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Esther owns the following: cow, poultry, and bicycle; but does not own a pig, pump, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito netting, electricity, solar power, TV, and DVD, but does not have running water 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.