Josephine lives in the Nkubu area of Kenya, which hosts a campus of Mt. Kenya University. She has 6 children and has been supporting them for 14 years. Her primary income sources are milk, eggs, tea, crops, transportation services, and a personal farming. The photo was taken from her residential house and not from the farm.
She stated what is most enjoyable about farming is selling milk. Her biggest challenge is crop failure and poor prices for farm produce. Animals on her farm have been given the name of Kageni. Josephine is requesting a loan to construct a zero grazing unit.
Josephine chose Juhudi Kilimo for this loan because they are the best financier for farmers. Josephine learned about the importance of savings during Juhudi's required micro-finance training session.
Her highest monthly expense is school fees, and the increase in sales from this loan will allow her to pay the school fees.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Josephine owns a cow, pig, poultry, and a motorcycle but does not own a 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, running water, TV, and DVD but does not have solar power 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.