Rebeca lives in the Litein area of Kenya. She has 3 children and has been doing this work for 5 years. Her primary income sources are from selling milk, and transportation services.
She stated what is most enjoyable about farming: 'Farming.' Her biggest challenge is 'Not enough capital to acquire more income generating assets.' Animals on the farm have been given no names.
Rebeca was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Low interest.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Help us acquire income generating assets like a cow.'
Her highest monthly expense is farming costs. When asked 'How will this loan benefit her family', Rebeca replied 'Improve living conditions.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Rebeca owns the following: 'cow, pump, motorcycle' but does not own 'pig, poultry, 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, running water' but does not have 'electricity, solar power, 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.