Eunice lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has two children and has been farming for three years. Her primary income sources are milk, eggs, and crops.
She stated that what is most enjoyable about farming is "seeing a calf sucking milk!" Her biggest challenge is "treatment of disease outbreaks." Animals on the farm have been given the name of Lelgina "the white udders."
Eunice was asked why she chose Juhudi Kilimo for this loan, to which she replied, "I was informed by another Juhudi Kilimo client of its good services to small-scale farmers on asset financing." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "how to make savings to repay loans."
Her highest monthly expense is farming costs. When asked how this loan will benefit her family, Eunice replied "By selling milk from my cow, I will have enough money to meet my family's needs."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Eunice owns cow(s), poultry, and a bicycle but does not own a pig, 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, solar power, and running water, but does not have electricity, 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.