Recho lives in the Litein area of Kenya. She has three children and has been doing this work for 12 years. Her primary income sources are milk and eggs.
She stated what is most enjoyable about farming: poultry keeping and rearing dairy cows. Her biggest challenge is animal diseases.
Recho was asked why she chose Juhudi Kilimo for this loan to which she replied, "It has friendly officers and offers good services." This client was also asked what was learned during Juhudi's required micro-finance training session and she said, "It's important for our economy."
Her highest monthly expense is farming costs. When asked how this loan would benefit her family, Recho said that it will Increase their source of income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Recho owns cows and poultry but does not own pigs, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito nets but does not have electricity, solar power, running water, a sewing machine, a TV, or a DVD.
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.