Winny lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. She has four children and has been doing this work for nine years. Her primary income sources are milk, eggs, and tea.
She stated what is most enjoyable about farming: "Selling products!" Her biggest challenge is "cultivating." Animals on the farm have been given the names of "Kaiu."
We asked Winny why she chose Juhudi Kilimo for this loan, to which she replied, "Meetings with officers." We also asked her what she learned during Juhudi's required microfinance training session. She said, "Grace period."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?" Winny replied that she will educate her children better.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Winny owns a cow and poultry, but does not own a pig, pump, bicycle, motorcycle, or automobile. Juhudi Kilimo also tries to measure how this loan changes the borrower's standard of living. This borrower has: "mosquito net, TV," but does not have: "electricity, solar power, running water, sewing machine, or 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.