Grace lives in the Kisii area of Kenya, which is primarily a bananas and sugar cane growing region. She has six children and has been doing farming for 35 years. Her primary income sources of income are milk and a retail shop.
She stated what is most enjoyable about farming is dairy keeping. Her biggest challenge is lack of capital. Animals on the farm have been given the names of 'Nyang'era.'
Grace was asked why she chose Juhudi Kilimo for this loan, to which she replied because of their helping farmers to grow. This client was also asked what was learned during Juhudi's required microfinance training session and the answer was, "the services they offer."
Grace's highest monthly expense is school fees. When asked how this loan will benefit the family, Grace replied that it will help with family expenses.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Grace owns the following: a cow, poultry, and a pump, but she does not own pigs, 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 a mosquito net, but does not have electricity, solar power, running water, a sewing machine, a TV, or a DVD player.
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.