Rael lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. She has four children and has been doing this work for eight years. Her primary income sources are milk, eggs, crops, and personal business.
She stated what is most enjoyable about farming: she "loves animals and enjoys most when they are grazing!" Her biggest challenge is "getting dairy feeds, more so during the dry season." Animals on the farm have been given the names of the "brown one and the black headed one."
Rael was asked why she chose Juhudi Kilimo for this loan, to which she replied that she liked the terms of the loan and the fact that Juhudi is farmer-centered. This client also said she learned "about leadership and proper planning" during Juhudi's required microfinance training session. She will use the loan requested to buy a dairy cow.
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?" Rael replied that from the loan proceeds she will be able to feed and educate her children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Rael owns the following: cow, poultry, and pump but does not own a pig, 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 in the household 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.