Daisy lives in the Kericho area of Kenya, which claims a beautiful countryside. She has four children and has been farming for five years. Her primary income sources are selling milk, eggs and crops.
She stated what is most enjoyable about farming: 'Milking!' Her biggest challenge is 'insufficient pastures.' Animals on the farm have been given the names of 'Chebirir.' She will use the loan of 20,000 KES requested from Juhudi Kilimo to buy poultry birds for a venture into poultry farming.
Daisy was asked why she chose Juhudi Kilimo for this loan, to which she replied, 'Their monthly repayment rate.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Savings are good for us.'
Her highest monthly expense is school fees. When asked 'How will this loan benefit your family?' Daisy replied 'Broaden the source of income.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Daisy owns a cow and some poultry birds, but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net but does not have electricity, solar power, running water, sewing machine, TV or a 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.