Peris lives in the Nyamira area of Kenya, which is a popular banana growing region. She has 3 children and has been doing this work for 5 years. Her primary income sources are milk, tea, crops, and personal business.
She stated what is most enjoyable about farming: "Selling milk, beans, maize and rice!" Her biggest challenge is transportation and untimely payment from customers. Her animals are not named. She will use 30000 KES of the loan to buy poultry birds. With the remaining 30,000 KES, she will construct a dairy unit for the animals.
Peris was asked why she chose Juhudi Kilimo for this loan. She replied: "It has an affordable interest rate." This client was also asked what was learned during Juhudi's required micro-finance training session: "That microfinance reaches the unreached people like me".
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?", Peris replied "My children will go to a good school, and eat well."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Peris owns: a cow, a pig, poultry, a pump, a bicycle, and a motorcycle but does not have electricity in her house.
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.