Grace lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. She has three children and has been doing this work for 12 years. Her primary income sources are milk, eggs and crops.
She stated that selling eggs is the most enjoyable part of farming. Her biggest challenge is feeding the chickens.
Grace was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'They offer a grace period.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'They offer loans through groups that co-guarantee.'
Her highest monthly expense are school fees. When asked 'How will this loan benefit her family', Grace replied 'More income will educate her children.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Grace owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile.' Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net' but does not have 'electricity, solar power, running water, sewing machine, TV, DVD.'
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.