Eunice has three children. She lives in the Kisii area of Kenya which does not have much available land. For the past three years, Eunice has been a farmer. She finds farming maize and dairy-keeping to be the most enjoyable parts of farming and her biggest challenge is the lack of quality seeds and farming equipment. Animals on the farm have been given the names of “Nyaringa.” When asked why she chose Juhudi Kilimo for her loan, Eunice replied, “because of the low interest rate.” When she took a required microfinance session, she learned that Juhudi issues loans to groups. Eunice’s highest monthly expense is school fees and she plans to use the profit from her loan to benefit her family by helping to pay school fees.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Eunice owns cow and poultry, but does not own a pig, pump, bicycle, motorcycle or automobile. She has a household mosquito net and sewing machine, but does not have electricity, solar power, running water, a TV or DVD.
Eunice is requesting a loan to buy a cow.
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.