Agnes lives in the Eldoret area of Kenya, which is a primary milk producing area. She has four children and has been doing this work for 13 years. Her primary income sources are milk, eggs, and crops.
She will use the loan of 62,400 KES from Juhudi Kilimo to buy and insure a dairy cow.
Agnes stated what is most enjoyable about farming is, 'Rearing livestock!' Her biggest challenge is, 'Low production due to low-yielding dairy animals.' Animals on the farm have been given the names of 'Cheluk.' Her highest monthly expense is farming costs.
Agnes was asked why she chose Juhudi Kilimo for this loan, and she said: 'Was first introduced to Juhudi by a friend.' This client was also asked what she learned during Juhudi's required micro-finance training session: 'How I could boost production through acquisition of assets from an mfi.' When asked 'How will this loan benefit your family?', Agnes replied 'Will acquire a high yielding dairy animal.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Agnes owns the following: cow, poultry, motorcycle, but does not own a pig, pump, bicycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net but does not have electricity, solar power, running water, a sewing machine, a TV, or a 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.