Gladys lives in the Kisii area of Kenya, where available land is scarce. She has three children and has been doing this work for five years. Her primary income sources are milk and crops. She will use the loan of 41,600 KES from Juhudi Kilimo to buy and insure a dairy cow.
She stated what is most enjoyable about farming: 'Gets money to use with the family!' Her biggest challenge is 'Too much rain.' Animals on the farm have been given the names of 'Kadogo' and 'Maridadi.'
Gladys was asked why she chose Juhudi Kilimo for this loan, to which she replied: "having funding for dairy cows". This client was also asked what was learned during Juhudi's required micro-finance training session: 'Helps one get a cow on credit.'
Her highest monthly expense is school fees. When asked 'How will this loan benefit your family?', Gladys replied 'Milk for the family.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gladys owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, 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, running water' but does not have 'electricity, solar power, sewing machine, TV, 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.