Margret lives in the Eldoret area of Kenya, which is a primary milk-producing area. Margret has three children and she has been doing dairy work for three years. Her primary income sources are milk and crops.
She stated what is most enjoyable about farming: "milking." Her biggest challenge is: "feeding my animals." Animals on the farm have been given the names of: "Cheboit."
Margret was asked why she chose Juhudi Kilimo for this loan, to which she replied: "training on credit management." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "record-keeping."
Her highest monthly expense is farming costs. When asked, "How will this loan benefit your family?," Margret replied, "I will get milk to feed my family."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Margret owns the following: 'cow, poultry, bicycle,' but does not own: 'pig, pump, motorcycle, automobile.' Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household: 'mosquito net, solar power, TV,' but does not have: 'electricity, running water, sewing machine, 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.