Meet Pauline, who lives in Kisii, a bananas and sugar cane growing region. She has two children and has been doing farming for nine years. Like so many residents of Kisii, Pauline derives her income from the sale of milk. She also has a personal business.
She stated that weeding her farm is most enjoyable about farming. Her biggest challenge is climate change and diseases. Animals on the farm have been given the names of “Nyangera”.
Pauline owns a cow and a mosquito net, but does not own a pig, poultry, pump, bicycle, motorcycle, automobile, sewing machine, TV, or DVD, and does not have electricity, solar power, or running water.
Pauline was asked why she chose Juhudi Kilimo for this loan, to which she replied, “It offers better services.” This client was also asked what was learned during Juhudi's required microfinance training session, to which she replied, “Low interest rate.”
Her highest monthly expense is school fees. When asked how this loan will benefit her family, Pauline replied, “It will increase milk and manure for (my) farm plantations.”
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.