Janet lives in the Nkubu area of Kenya, which grows a lot of 'miraa', which can be chewed like tobacco. She has three children and has been doing farm work for twelve years. Her primary income sources are milk, tea, and crops.
She stated what is most enjoyable about farming: 'Managing herself and being able to make a living.' Her biggest challenges are pests and diseases. Animals on the farm have been given the names of 'Jomo.'
Janet was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Convenience in disbursement and a flexible payment period.' This client was also asked what she learned during Juhudi's required micro-finance training session: 'That I can achieve my target if I take the loan with the right mindset.'
Her highest monthly expense is school fees. When asked how this loan would benefit her family, Janet replied, 'their living standards will improve.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Janet owns 'cows and poultry' but does not own 'pigs, 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, solar power, running water, TV, and DVD' but does not have 'electricity or a sewing machine'.
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.