Rosina lives in the Nyamira area of Kenya, which is a popular banana growing region. She has five children and has been doing farming work for 10 years. Her primary income sources are milk, tea and a personal business.
She stated what is most enjoyable about farming: "Dairy farming!" Her biggest challenge is "poultry." An animal on the farm has been given the name of Nyangera.
Rosina was asked why she chose Juhudi Kilimo for this loan, to which she replied that she has serviced two loans previously and she is very happy with the service. This client was also asked what was learned during Juhudi's required micro-finance training session: "They offer loans to low-income earners."
Her highest monthly expense is school fees. When asked, "How will this loan benefit your family?" Rosina replied, "They will get more food supply."
As part of Juhudi's loan-appraisal process, each borrower's assets are evaluated. Rosina owns 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 has in the household a mosquito net, electricity, running water, TV and DVD player, but does not have solar power or a 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.