Njeri lives in the Muranga area of Kenya, which is situated near Nairobi. She has been in active farming for 20 successive years, with farming being the main source of income to meet family needs. Her primary income sources are milk, eggs, tea and crops. She gets milk both from dairy cows and dairy goats.
She stated what is most enjoyable about farming: 'Milking!' Her biggest challenge is 'Feeding the cows.' She has named one of her goats 'Brown.'
Njeri was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'because their terms and conditions are fair.' This client was also asked what was learned during Juhudi's required microfinance training session: 'a client must be in an organised group.'
Her highest monthly expense is family expenses. When asked 'How will this loan benefit your family?', Njeri replied 'Increase in income will improve the living standard of her family.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Njeri owns the following: 'cow and poultry' but does not own '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' but does not have 'electricity, solar power, running water, sewing machine, TV or 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.