Milka lives in the Eldoret area of Kenya, which is training grounds for many of Kenya's Olympic runners. She has 7 children and has been farming for 17 years. Her primary income sources are milk, and crops. She will use the loan from Juhudi Kilimo to buy and insure a dairy cow.
She stated that what is most enjoyable about farming is milking the cows to get milk for sale and for the family's consumption! Her biggest challenge is when the animals go dry, there's no earning from it, and one has to find an alternative source of income. Animals on the farm have been given the names of 'Chemulgo.'
Milka was asked why she chose Juhudi Kilimo for this loan, and she replied that she knew about Juhudi from Juhudi's marketing team. This client was also asked what was learned during Juhudi's required micro-finance training session. She learned how to acquire assets through credit, earn from the assets and be able to repay the loan and develop her business.
Her highest monthly expenses are family expenses. When asked how this loan benefit your family?, Milka replied that we hope to increase production and thus more income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Milka owns the following: a cow and poultry but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower does not have 'mosquito net, electricity, solar power, running water, sewing machine, TV or DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.