Teresa lives in the Nyamira area of Kenya, which is a popular banana growing region. She has six children and has been farming for 15 years. Her primary income sources are milk, tea, crops, and personal business.
She stated what is most enjoyable about farming: "Tea farming, especially harvesting and bonus days by the local tea factories."
Her biggest challenge is "in tomato farming with effects of pests."
The animal in the farm is named "Maridadi."
Teresa was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Fair installments." This client was also asked what was learned during Juhudi's required micro-finance training session: "That MFI conditions are favourable."
She will use the loan to purchase materials for constructing a dairy unit.
Her highest monthly expense is school fees. When asked how this loan would benefit her family, Teresa replied that she will give her children the best education.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Teresa owns the following:'cow, poultry, pump, but does not own pig, bicycle, motorcycle, automobile.
Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito net but does not have electricity, solar power, running water, sewing machine, TV, 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.