Joan lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. She has one child. She has been farming for five years and her primary income sources are milk, eggs and crops.
Her dairy operation is what is most enjoyable about farming. Her biggest challenge is to make sales in far market places since those nearby offer low prices.
Joan was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'efficiency.' This client also learned about savings for future use during Juhudi's required micro-finance training session.
Her highest monthly expense are family expenses. She said the loan will benefit her family by improving their quality of life.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joan 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' but does not have 'electricity, solar power, running water, sewing machine, 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.