Elizabeth lives in the Muranga area of Kenya, which is situated near Nairobi. She has four children and is a farmer. She has been doing this work for three years. Her primary income sources are milk, eggs, and crops.
She stated what is most enjoyable about farming: "Selling milk in the morning and mid-day" because she gets cash. Her biggest challenge is "When there is drought, If I get money, I preserve fodder."
Animals on the farm have been given names. "'The goat is called Lydia; the cow is called Meni because of the white forehead."
Elizabeth was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Interest rate is low." This client was also asked what was learned during Juhudi's required microfinance training session: "Developing a savings culture."
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Elizabeth replied that when she sells eggs and milk she will be able to have more income and provide food and pay fees.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Elizabeth owns a cow, poultry, and a bicycle but does not own a pig, a pump, 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, solar power, and running water but does not have electricity, 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.