Alice lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has two children. Her primary income sources are milk, eggs, and crops. She has been doing this work for five years.
She stated “feeding animals” is what is most enjoyable about farming. Her biggest challenge is “getting animal feed.” Animals on the farm have been given the names of “Shiroo.”
Alice was asked why she chose Juhudi Kilimo for this loan, to which she replied, “They have agricultural products.” Alice was also asked what was learned during Juhudi's required micro-finance training session and replied, “savings.”
Her highest monthly expense is farming costs. When asked, “How will this loan benefit your family?”, Alice replied, “I will get money to pay school fees.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Alice owns a cow, pig, poultry, and bicycle, but does not own a 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, TV, and DVD, but does not have electricity, solar power, running water, 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.