Sandra lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has one child and has been doing this work for four years. Her primary income sources are milk, crops, and her personal business.
She stated what is most enjoyable about farming is feeding animals since it translates into good production: Her biggest challenges are 'dairy animal diseases and market for horticulture products.'
Sandra was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Low interest rates compared to others.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Asset acquisition and profitability.'
Her highest monthly expense are family expenses. When asked how will this loan benefit your family, Sandra replied, 'more income from milk.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Sandra owns the following: 'cow, pump, bicycle, motorcycle' but does not own 'pig, poultry, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, electricity, TV, DVD' but does not have 'solar power, running water, 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.