Rose lives in the Eldoret area of Kenya, which is training grounds for many of Kenya's Olympic runners. She has three children and has been doing this work for 14 years. Her primary income sources are milk, eggs, crops, and transportation services.
She stated that what is most enjoyable about farming is, "keeping dairy cows". She said her biggest challenge is "feeding the animals entails a lot of work and energy." Animals on the farm have been given the names of 'Kabiyet.'
Rose was asked why she chose Juhudi Kilimo for this loan, to which she replied, "I was introduced to Juhudi by a friend." This client was also asked what was learned during Juhudi's required micro-finance training session and she replied, "How micro finance institutions work to boost farmers' income generation activities."
Her highest monthly expense is farming costs. When asked 'How will this loan benefit her family', Rose replied, "I will acquire a chaff cutter to make animal feed easy."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Rose owns cows, poultry, and a motorcycle but does not own pigs, a pump, a bicycle, 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.
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.