Jane has five children and is a resident of Litein area, South Rift, Kenya. For the past 12 years, she has been a farmer and her primary sources of income are milk, eggs, and tea. Jane states that what she finds most enjoyable about farming is "grazing cows!" and her biggest challenge is "dairy feeds." One of her animals has been named Karoi. When asked why she chose Juhudi Kilimo for her loan, she replied, their "grace period." Jane was also asked what she learned during Juhudi's required microfinance training session and replied: "it processes loans." Her greatest monthly expense is school fees.
Jane is requesting a loan to set up a greenhouse. When asked how her loan will benefit her family, she replied, "more income." As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jane owns a "cow " but does not own a "pig, poultry, pump, bicycle, or automobile." Juhudi Kilimo also tries to measure any change in living standards based on their loans. Jane has "a mosquito net" but does not have "electricity, solar power, running water, sewing machine, TV, or DVD."
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. This reduces paper use and makes the process more efficient which keeps 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.