Stellah lives in the Kitale area of Kenya, which has a high regional output of maize. She has 5 children and has been doing farming for 13 years. Her primary income sources are milk, eggs, crops, transportation services, and personal business. Stellah will use the loan of 41,600 KES requested from Juhudi Kilimo to buy and insure a dairy cow.
She stated what is most enjoyable about farming: 'Feeding of dairy cows!' Her biggest challenge is 'Diseases.' One animal in the farm is named 'Matunda.'
Stellah was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Because Juhudi Kilimo offers loans to farmers for a period that is good for a farmer to be able to repay comfortably.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'I learnt that microfinance are short-term loans given to small-scale farmers and also small-scale enterprises.'
Stellah's highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Stellah replied, 'It will benefit from the sale of milk because they will get basic household needs and education for our children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Stellah owns the following: 'cow, poultry, bicycle, motorcycle' but does not own 'pig, pump, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, DVD' but does not have 'electricity, solar power, running water, sewing machine, TV'.
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.