Betty lives in the Litein area of Kenya. She has six children. Her primary sources of income are milk, eggs, tea and she has been doing this work for 12 years.
Betty says what is most enjoyable about her work is: "dairy farming." Her biggest challenge is "drought." Animals on the farm have been given the names of "Chemur."
Betty was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Because of training." This client was also asked what she learned during Juhudi's required micro-finance training session, and she said: "It gives loans."
Betty's highest monthly expense is school fees. When asked how this loan will benefit her family, she replied "Will earn income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Betty owns the following: cow and poultry. But, she does not own: pig, 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, but does not have electricity, solar power, running water, sewing machine, TV, or DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.