Joyline lives in the Litein area of Kenya. She has one child and has worked as a farmer for nine years. Her primary income sources are milk, eggs and tea.
Joyline says that the most enjoyable thing about farming is selling her products. Her biggest challenge is insufficient capital.
Joyline was asked why she chose Juhudi Kilimo for this loan, and she said that they had low interest rates. She said that she learnt about savings during Juhudi's required micro-finance training session.
Her highest monthly expense is farming costs. When asked 'How will this loan benefit her family?', Joyline replied 'Better living standards.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joyline 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, electricity' but does not have '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.