Ascar lives in the Eldoret area of Kenya, which is a primary milk-producing area. She has three children and has been doing this work for three years. Her primary income sources comes from sales of milk, eggs and crops.
Ascar says that what is most enjoyable about farming is "earning from agriculture." Her biggest challenge is "access to agricultural finance." One of the animals on the farm has been given the name Lemok.
When asked why she chose Juhudi Kilimo for this loan, Ascar replied, "I chose Juhudi following the success of other group members." This client was also asked what was learned during Juhudi's required micro-finance training session, to which she replied, "I learned how I could benefit by acquiring finances lent by micro-finance institutions."
Her highest monthly expense is farming costs. When asked how this loan will benefit her family, Ascar replied, "It will enable me to start a horticulture project to boost my family's income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Ascar owns a cow and poultry but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards as a result of this loan. This borrower has in her household a mosquito net but does not have electricity, solar power or running water nor does she have a sewing machine, TV 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.