Florence lives in the Nkubu area of Kenya, which hosts a campus of Mt. Kenya University. She has two children and has been doing farming work for five years. Her primary income sources are eggs, crops, transportation services, and personal business.She will use the loan to buy a pump and a power generator.
She stated what is most enjoyable about farming: 'The profit gained from farming investment!' Her biggest challenge is: 'Pests and diseases.' The animal on the farm is named: 'Kanini.'
Florence was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'The interest rate for Juhudi is bearable.' This client was also asked what was learned during Juhudi Kilimo's required micro-finance training session: 'Juhudi Kilimo field loan officers visit the clients to help them manage the groups and repay the loans promptly.'
Her highest monthly expense is school fees. When asked, 'How will this loan benefit your family?', Florence replied: 'Better education for the children.'
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Florence owns the following: 'poultry, pump, bicycle,' but does not own: 'cow, pig, 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, solar power, running water, sewing machine, TV, DVD,' but does not have: 'electricity.'
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.