Josephine lives in the Eldoret area of Kenya, which is the training grounds for many of Kenya's Olympic runners. She has 5 children and has been doing this work for 7 years. Her primary income sources are milk, eggs, crops.
She stated what is most enjoyable about farming: "Animal keeping!" Her biggest challenge is "Dealing with middle men." The animal on the farm have been given the named Telmet. She says the loan will help her increase the number of dairy animals and increase milk production.
Josephine was asked why she chose Juhudi Kilimo for this loan, to which she replied: "They deal with farmers." This client was also asked what was learned during Juhudi's required micro-finance training session: "About the savings culture."
Her highest monthly expense is school fees. When asked how will this loan benefit her family?, She replied "Improve our lives."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Josephine owns the following: a cow, poultry, and a bicycle. She does not own a pig, a water pump, a motorcycle, or an automobile.
Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net in the household but does not have electricity, 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 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.