Nancy lives in the Eldoret area of Kenya, which is a training ground for many of Kenya's Olympic runners. She has four children and has been doing this work for five years. Her primary income sources are milk, eggs and crops. She stated what is most enjoyable about farming: “improving my breeds!” Her biggest challenge is “dairy feeds.” The animal on the farm is named “Denliii”. Nancy will use the loan proceeds to buy and insure a dairy cow. Nancy was asked why she chose Juhudi Kilimo for this loan, to which she replied: “They have good training program.” This client was also asked what was learned during Juhudi's required micro-finance training session: “Records management.” Her highest monthly expense is farming costs. When asked “How will this loan benefit your family?”, Nancy replied “I will get milk to pay school.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Nancy 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 has in the household “mosquito net, TV, DVD” but does not have “electricity, 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.