Hyline lives in the Nyamira area of Kenya, which is a popular banana growing region. She has three children and has been farming for eight years. Her primary income sources are milk, eggs, tea, crops, transportation services, personal business.
She stated what is most enjoyable about farming:"'Dairy farming." Her biggest challenge is "Rearing poultry." Animals on the farm have been given the names of "Nyangera." She will channel the loan of 40,000 KES requested from Kiva partner Juhudi Kilimo to buy poultry birds and construct a dairy unit for the cows.
Hyline was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Interest is low." This client was also asked what was learned during Juhudi's required micro-finance training session: "Micro loans improve lives from one point to the other."
Her highest monthly expense is family expenses. When asked "How will this loan benefit your family?" Hyline replied, "Improved income means better life."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Hyline owns the following: cow, poultry, pump, motorcycle. but does not own pig, bicycle, automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito net, electricity, TV, DVD, but does not have solar power, running water, sewing machine.
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.