Hellen lives in the Kericho area of Kenya, which lies in the tea growing region of the country. She has 2 children and has been doing this work for 5 years. Her primary income sources are milk and tea. She says that the most enjoyable thing about farming is the increased income she receives from dairy farming. Her biggest challenge is lack of financing. Animals on the farm have been given the names of 'Moita.'
Hellen chose to pursue financing from Juhudi Kilimo to increase her income. She learned that Juhudi Kilimo helps fund low income earners during the organization's required micro-finance training session. Her highest monthly expenses are farming costs and this loan will benefit her family by helping her increase her income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Hellen owns cows and poultry, but does not own a pig, pump, bicycle, motorcycle, or an 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 and a TV, but does not have electricity, solar power, running water, a sewing machine, or a DVD player.
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.