Caroline lives in the Nkubu area of Kenya, located at the slopes of Mt.Kenya. She has one child and has been doing this work for five years. Her primary income sources are sales of milk, eggs, tea, crops and her personal business.
She has stated what is most enjoyable about farming: 'The interest I get from it.' Her biggest challenge is a 'lack of capital.' Animals on the farm have been given the names of 'Mutune.'
Caroline was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Juhudi are very friendly to their clients.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Microfinance is the most convenient way to borrow for low earners.'
Caroline's highest monthly expense is school fees. When asked 'how will this loan benefit her family?', Caroline replied 'I will educate my child.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Caroline owns the following: a cow, poultry and a bicycle but does not own a pig, pump, 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, solar power, running water and a TV but does not have electricity, a 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.