Josphine lives in the Litein area of Kenya. Her primary income sources are milk, eggs, tea, crops. She has 4 children and has been doing this work for 13 years.
She stated what is most enjoyable about farming: 'Milking' Her biggest challenge is 'Feeding animals.' Animals on the farm have been given no names.
Josphine was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Low interest rate.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'That loans are given to those in a group.'
Her highest monthly expense is farming costs. When asked 'How will this loan benefit her family', Josphine replied 'It will educate them.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Josphine owns the following: 'a cow, poultry, a pump' but does not own 'a pig, a bicycle, a motorcycle, an 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, electricity, a TV, a DVD' but does not have '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.