Maurine lives in the Litein area of Kenya. She has one child and has been doing agricultural work for six years. Her primary income sources are milk and tea.
She stated what is most enjoyable about farming to her: "Returns gotten from farming." Her biggest challenge, she says, is "selling products." An animal on the farm has been given the name Hu.
Maurine was asked why she chose Juhudi Kilimo for this loan, to which she replied, "Farmers incentives." This client was also asked what was learned during Juhudi's required micro-finance training session, and she said she learned about interest rates.
Her highest monthly expense is farming costs. When asked "How will this loan benefit her family?" Maurine replied, "It will better [the family's] living standards."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Maurine owns a cow, but does not own a pig, poultry, 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 mosquito netting and a sewing machine, but does not have electricity, solar power, running water, TV, or 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.