Cecilia lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. She has two children and she has been farming for six years. Her primary income sources are eggs, crops, transportation services, and personal business.
She stated what is most enjoyable about farming: "Selling her farm produce." Her biggest challenge is: "Marketing the produce due to unstable prices." Animals on the farm have been given no names.
Cecilia was asked why she chose Juhudi Kilimo for this loan, to which she replied: "To benefit from their loans." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "Savings found is the foundation of group lending."
Her highest monthly expense is farming costs. When asked: "How will this loan benefit her family?," Cecilia replied: "Will be able educate her children."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Cecilia owns the following: 'poultry and a motorcycle,' but she does not own: 'a cow, pig, pump, bicycle or automobile.'
Juhudi Kilimo also tries to measure any change in living standards, based on this loan. This borrower has in the household: 'mosquito net, solar power, running water, TV, and DVD,' but she does not have" 'electricity or a sewing machine.'
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.