Evaline lives in the Eldoret area of Kenya. She has two children and has been doing farming for twelve years. Her primary income sources are milk, eggs, and crops.
She stated what is most enjoyable about farming: “Earning from milk sales to provide for the family. Her biggest challenge is, “access to better financial institutions with tailor-made products for farmers.” Animals on the farm have been given the names of “Cheptil”.
Evaline was asked why she chose Juhudi Kilimo for this loan, to which she replied, “(I) joined Juhudi after seeing a friend benefit from Juhudi.” This client was also asked what was learned during Juhudi's required micro-finance training session, and replied, “Learnt how microfinance institutions/Juhudi works to boost farmers’ income and living standards.”
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Evaline replied, “Will put up a dairy unit.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Evaline owns a cow and poultry, but does not own a pig, pump, bicycle, motorcycle, 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, but does not have electricity, solar power, running water, sewing machine, TV, or 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.