Gladys has requested a loan of 30,000 KES from Kiva partner Juhudi Kilimo to help her buy poultry. When asked why she chose Juhudi Kilimo for this loan, Gladys replied, "The interest is favourable." When asked what she learned during Juhudi's required micro-finance training session, Glady replied, "that savings is an important part of it." Gladys' highest monthly expense is school fees. Gladys states that this loan will benefit her family by enabling her children to get adequate education.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gladys owns a cow, poultry and a pump but does not own pigs, a bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. Gladys has in her household mosquito nets but does not have electricity, solar power, running water, a 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.
Important InformationTo 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.
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