Norah lives in the Nyamira area of Kenya, which is a popular banana growing region. She has 4 children and has been doing this work for 25 years. Her primary income sources are milk, eggs, tea, crops and personal business. She will use the loan to buy and insure a dairy cow.
She stated what is most enjoyable about farming: "faster turnover on the investment!" Her biggest challenge is "finances to fund farming business." Animals on the farm have been given the names of "Maridadi."
Norah was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Convenient." This client was also asked what was learned during Juhudi's required micro-finance training session: "The loaning process."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?", Norah replied "An increase in family income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Norah owns the following: "cow and poultry" but does not own "pig, pump, bicycle, motorcycle or 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 or 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.