Maria lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. She has three children and has been doing this work for four years. Her primary income sources are milk, eggs, crops, job salary, and personal business.
She stated what is most enjoyable about farming: "Apart from providing food for the family, it provides income too." She describes her biggest challenge: "During planting season the price of inputs is high." Animals on the farm have been given the names of Grace and Serey. She will use the loan to buy and insure a dairy cow.
Maria was asked why she chose Juhudi Kilimo for this loan, to which she replied, "It is the only microfinance institution providing asset finance to farmers in my area." This client was also asked what she learned during Juhudi's required microfinance training session. She replied, "To invest productive assets."
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Maria replied, "Through the acquisition of another dairy cow, the family's milk production will be boosted, hence higher income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Maria owns the following: cow, poultry, and bicycle. She does not own pig, pump, motorcycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in her household mosquito net, electricity, running water, TV, and DVD player, but does not have solar power or sewing machine.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.