Mary is a farmer who lives in Kericho. She has one child and has been doing this work for 17 years. Her primary income sources are milk, eggs, tea, and crops.
She said that mixed farming always brings satisfaction to her, but her biggest challenge is finding ready markets for her produce.
Mary was asked why she chose Juhudi Kilimo for this loan, to which she replied that they offer low interest rates on their loans. This client was also asked what was learned during Juhudi's required micro-finance training session, and she replied that they offer loans to small income earners.
Her highest monthly expense is farming costs. When asked how this loan would benefit her family, Mary replied they will get more income because of the sale of eggs from the poultry, and thus a better life.
Mary owns cows and poultry but does not own pigs, a pump, a bicycle, a motorcycle, or an automobile. Juhudi Kilimo tries to measure any change in living standards based on this loan.
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.