Mary lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. She has five children and has been doing this work for nine years. Her primary income sources are milk, eggs, and crops.
She stated what is most enjoyable about farming is "selling milk". Her biggest challenge is "disease outbreaks". Animals on the farm have been given the names of 'Lelmet with white spot on head". She will use the loan to buy a milk cow.
Mary was asked why she chose Juhudi Kilimo for this loan, to which she replied, "my fellow group members advised me to join them". This client was also asked what was learned during Juhudi's required micro finance training session, and she replied, "credit management".
Her highest monthly expense is school fees. When asked 'How will this loan benefit her family', Mary replied, "more dairy animals will increase milk production and she will pay school fees for her children with ease".
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Mary owns the following: 'a cow, and poultry' but does not own 'a pig, a pump, a bicycle, a motorcycle, or 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, and running water' but does not have 'electricity, solar power, a sewing machine, a TV, or a DVD'.
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.