Esther lives in the Eldoret area of Kenya, which is a training grounds for many of Kenya's Olympic runners. She has three children and has been working in agriculture for 15 years. Her primary income sources are milk, eggs, and crops. Esther says what is most enjoyable about farming is: "Poultry keeping!" Her biggest challenge is "poor pricing of farm products within the local markets."
Esther was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Because they deal with farmers and I am a farmer." She was also asked what she learned during Juhudi's required micro-finance training session, and she said: "To develop a savings culture."
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Esther replied "More income'"
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Esther owns the following: "cow, poultry," but does not own "pig, pump, bicycle, motorcycle, automobile." Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net, but does not have electricity, solar power, running water, sewing machine, TV, or DVD.
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.