Jane lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has three children and has been doing this work for 11 years. Her primary income sources are milk, crops and personal business. She will use the loan to buy a dairy cow.
She stated what is most enjoyable about farming: "Being able to meet family needs from agricultural income." Her biggest challenge is "high costs of inputs." The animal on the farm is named Lelmet.
Jane was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Got information concerning Juhudi from a neighbour." This client was also asked what was learned during Juhudi's required micro-finance training session. The client learnt the saving culture for the purpose of acquiring credit to boost working capital.
Her highest monthly expense is farming costs. When asked "How will this loan benefit your family?" Jane replied, "Increased working capital thus boosting production."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jane owns the following: cow, poultry but does not own pig, pump, bicycle, motorcycle, 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, 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.