Gladys lives in the Muranga area of Kenya, which is a heavy pineapple-producing region. She has two children and has been in agriculture for seven years. Her primary income sources are tea, crops and personal business.
For Gladys, what is most enjoyable about farming is "feeding her livestock." Her biggest challenge is "milking." Animals on the farm have been given the name "Meni."
Gladys chose Juhudi Kilimo for this loan because it offers "low interest." During Juhudi's required microfinance training session, Gladys learned that group members "guarantee each other."
Gladys's highest monthly expenses are her farming costs. This loan will benefit her family, because the additional income it provides will help her educate her children.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Gladys owns a cow, poultry, pump and a bicycle but does not own a pig, motorcycle or automobile.
Juhudi Kilimo also tries to measure any change in living standards based on this loan. In her household, Gladys has a mosquito net, solar power, a TV and DVD player but does not have electricity, running water 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.