Juliana lives in the Litein area of Kenya. She has six children and has been doing this work for 15 years. Her primary income sources are milk and tea.
She stated what is most enjoyable about farming: "Farming." Her biggest challenge is cultivating. An animal on the farm has been given the names of Mo.
Juliana was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Grace period." This client was also asked what was learned during Juhudi's required micro-finance training session: "Repayment period."
Her highest monthly expense is school fees. When asked how this loan would benefit her family, Juliana replied that it will give them better living standards.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Juliana 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 and TV, but does not have electricity, solar power, running water, sewing machine 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.