Beatrice lives in the Kericho area, which lies in the tea growing region of Kenya. She has three children and has been doing this work for five years. Her primary income sources are milk and tea.
She stated what is most enjoyable about farming: "Farming." Her biggest challenge is "Lack of capital." Animals on the farm have been given the names of "Lelgina."
Beatrice was asked why she chose Juhudi Kilimo for this loan, to which she replied: "payment is made in equal installments." This client was also asked what was learned during Juhudi's required micro-finance training session: "Cheap interest."
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Beatrice replied "Increased income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Beatrice owns the following: "cow, poultry, motorcycle| but does not own "pig, pump, bicycle, automobile". Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household "mosquito net, TV" but does not have "electricity, solar power, running water, sewing machine, 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.