Florence lives in the Nyamira area of Kenya, which is a popular banana growing region. She has 2 children and has been doing this work for 5 years. Her primary income sources are milk, eggs, tea, crops, job salary, and personal business.
She stated what is most enjoyable about farming: "Farming returns!" Her biggest challenge is disease. The animal on the farm is named Nyabarati. She will use the loan of 20,000 KES from Juhudi Kilimo to construct a dairy unit.
Florence was asked why she chose Juhudi Kilimo for this loan, and she replied, "The low interest charges." This client was also asked what was learned during Juhudi's required micro-finance training session: "The loan process."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?", Florence replied "It will Increase my family's income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Florence owns the following: a cow, poultry, and a bicycle but does not own a pig, a pump, a motorcycle, or an 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, solar power, and a sewing machine but does not have electricity, running water, TV, or a DVD player.
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.