Gladys lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has 3 children and has been doing this work for 4 years. Her primary income sources are milk, eggs, crops, personal business.
She stated what is most enjoyable about farming: 'she loves milking and it gives her great joy doing it!' Her biggest challenge is the high price of inputs and lack of feed during the dry seasons. She will use the loan to buy poultry birds.
Gladys was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'she got news about Juhudi from other clients around her place.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'She learnt more about loans and how to invest wisely.'
Her highest monthly expense is farming costs. When asked 'How will this loan benefit your family?', Gladys replied 'She will be able to educate her children and feed her family.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gladys owns the following: cow, poultry, and bicycle, but does not own a pig, pump, motorcycle, or 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 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.