Pauline lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has four children and has been doing this work for 35 years. Her primary income sources are milk, eggs, crops, and her job salary.
She stated what is most enjoyable about farming: 'Being able to meet family needs through agriculture' Her biggest challenge is 'In case of poor weather patterns, one may incur huge losses in farming.' An animal on the farm has been given the name of 'Liontoo.'
Pauline was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'Juhudi kilimo offers agricultural funding.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'How MFIs work with farmers in groups to better lives through assets.'
Her highest monthly expense is family expenses. When asked 'How will this loan benefit your family?' Pauline replied, 'Will use the funds to start a poultry project and boost horticulture.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Pauline owns the following: 'cow, poultry' but does not own '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 '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.