Joyce lives in the Kitale area of Kenya, which has a high regional output of maize. She has seven children. Her primary income sources are milk, eggs, crops, and personal business. She has been doing agricultural work for seven years.
She stated what is most enjoyable about farming: "Feeding poultry!" Her biggest challenge is: "Diseases and expensive poultry feeds." Animals on the farm have been given the names of "Maua." Joyce stated that she will use the loan of 30,000 KES from Kiva's partner, Juhudi Kilimo, to buy more poultry birds.
Joyce was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Because i wanted them to help me improve my life, because they give loans at a lower interest rate." This client was also asked what was learned during Juhudi's required micro-finance training session: "They are short-term loans."
Her highest monthly expense is school fees. When asked, "How will this loan benefit your family," Joyce replied "I will be able to pay school fees for the children and household needs."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joyce owns the following: cow, poultry, pump, bicycle, but does not own: pig, motorcycle, automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household: mosquito net, running water, sewing machine, TV, but does not have: electricity, solar power, 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.