Gladys lives in the Litein area of Kenya, which is a fertile area, good for agriculture production. She has 3 children and has been doing this work for 5 years. Her primary income sources are milk, crops, and besides farming, she has a personal business as an extra source of income.
She stated what is most enjoyable about farming: 'growing crops and rearing livestock.' Her biggest challenge is 'Animal disease'. Animals on the farm have been given the names of 'Tuyai.'
Gladys was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Because it is easier and cheaper to get their services.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'That to obtain a loan you have to guarantee yourselves as a group.'
Her highest monthly expense is farming costs. When asked 'How will this loan benefit your family', Gladys replied 'My livelihood shall improve'.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gladys owns the following: cow, poultry but does not own a 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 a 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.