Paulina lives in the Muranga area of Kenya, which lies in the central Rift Valley. She has three children and has been farming for 20 years. Her primary income sources are crops, and income from personal business.
She stated what is most enjoyable about farming, for her: 'Rearing livestock.' Her biggest challenge is pests and diseases. Animals on the farm have been given no names.
Paulina was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Because of its quick processing of loans.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Micro-finance offers loans at low interest rates.'
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Paulina replied that it will help her to give her children the best education.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paulina owns one or more cows and a bicycle, but does not own a pig, poultry, pump, 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 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.