Elizabeth lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has three children and has been doing this work for four years. Her primary income sources are milk, eggs and crops.
She stated what is most enjoyable about farming: "feeding her animals." Her biggest challenge is getting dairy feeds. An animal on the farm has been given the names of Cheeipis.
Elizabeth was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'It offers good training to farmers." This client was also asked what was learned during Juhudi's required micro-finance training session: "credit management."
Her highest monthly expense is farming costs. When asked how this loan would benefit her family, Elizabeth replied, "It will help her pay school fees on time."
As part of Juhudi's loan-appraisal process, each borrower's assets are evaluated. Elizabeth owns the following: cow, poultry and 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 in the household a mosquito net, electricity, TV and DVD, but does not have solar power, running water or a sewing machine.
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.