Lonah lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has six children and has been doing this work for 19 years. Her primary income sources are milk, crops, and her personal business.
She stated what is most enjoyable about farming: 'Gardening!' Her biggest challenge is 'Crop diseases'. She will use the loan to construct a dairy unit.
Lonah was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Lower interest.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'I can develop myself through their funding.'
Her highest monthly expense is school fees. When asked how will this loan benefit her family, Lonah replied that the 'sale of milk will assist in paying school fees.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Lonah owns the following: 'cow, motorcycle' but does not own 'pig, poultry, pump, bicycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a 'TV' but does not have 'mosquito net, electricity, solar power, running water, sewing machine, DVD.'
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.