Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

 

Status update — February 12, 2018
Kiva recently re-assessed the level of risk associated with loans from this Field Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Field Partner’s loan products. As a result, Juhudi Kilimo’s risk rating is now listed as 3.5 stars instead of 2.5 stars. The primary reasons for this change in rating are the organization's strong, sustainable growth driven by a very strong board and management team.

Partner description:

Juhudi Kilimo Company Limited is a newly established for-profit enterprise that addresses rural economic development in Kenya by providing innovative, agriculture-based, micro-asset financing loans. These specialized loans assist the smallholder farmers in acquiring productive assets such as dairy cows, chickens and irrigation equipment. Juhudi’s product lines bring added value to agriculture, the largest economic field in rural Kenya, by financing assets that offer long-term gains in productivity and provide sustainable wealth creation.

Spun off in April 2009, Juhudi first established a five-year track record of success as an asset financing program within the K-Rep Development Agency (KDA), an antipoverty NGO that performs research and product development for the microfinance sector. Today Juhudi provides financial services to over 7,000 smallholder farmers, approximately half of whom are women. The company’s mission is to provide market-driven, wealth-creating financial services for rural smallholder farmers and enterprises while achieving a positive social impact.

Kiva shared an office in Nairobi with Juhudi Kilimo through November 2012.
 

Status update  April 7, 2011
 
When Juhudi Kilimo first joined the Kiva platform nine months ago, they did not meet all of Kiva’s minimum requirements for partnership.  The organization failed to meet Kiva’s minimum criteria as a result of its short history as an independent entity as well as the absence of audited financial statements as an independent entity.  Since then, we have received Juhudi’s unqualified 2009 audited financial statements and they now meet the rest of Kiva’s minimum criteria.
 
Juhudi Kilimo’s 100% owner, K-Rep Group, continues to guarantee Kiva funds in the event of institutional default. Lenders should be aware that the risk of borrower default remains borne by the lender.  Furthermore, Juhudi Kilimo, along with many other Kiva partners, has opted not to cover losses on the loan that are due to currency fluctuation. In this situation, lenders face additional risk because they will bear losses greater than 20%. 

Status update  May 20, 2010 

Please note that this Partner does not meet all of Kiva’s minimum requirements for partnership. Juhudi Kilimo was established as an independent organization in March 2009 and was previously a project of K-Rep Development Agency (begun in 2003). The organization fails to meet Kiva’s minimum criteria as a result of its short history as an independent entity as well as the absence of audited financial statements as an independent entity.

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. Furthermore, Juhudi Kilimo, along with many other Kiva partners, has chosen to activate our Currency Exchange Loss feature. On loans where you see that Currency Exchange Loss is set to “Possible,” lenders may lose funds as a result of a currency devaluation of more than 20% of the Kenyan shilling against the US dollar.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 15, 2010 Oct 12, 2005
Total Loans $17,146,800 $1,342,485,625
Amount of raised Inactive loans $1,800 $1,163,725
Number of raised Inactive loans 4 1,504
Amount of Paying Back Loans $4,662,275 $147,630,950
Number of Paying Back Loans 11,184 195,038
Amount of Ended Loans $12,482,725 $1,193,690,950
Number of Ended Loans 33,788 1,537,959
Delinquency Rate 3.74% 10.49%
Amount in Arrears $107,220 $9,735,701
Outstanding Portfolio $2,255,236 $92,847,283
Number of Loans Delinquent 3,832 57,667
Default Rate 1.49% 1.76%
Amount of Ended Loans Defaulted $185,787 $21,037,796
Number of Ended Loans Defaulted 897 51,424
Currency Exchange Loss Rate 0.20% 0.39%
Amount of Currency Exchange Loss $34,291 $5,195,382
Refund Rate 0.41% 0.59%
Amount of Refunded Loans $69,625 $7,939,025
Number of Refunded Loans 146 7,847

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.32% 76.43%
Average Loan Size $381 $394
Average Individual Loan Size $382 $609
Average Group Loan Size $243 $1,762
Average number of borrowers per group 7.9 7.7
Average GDP per capita (PPP) in local country $1,800 $5,773
Average Loan Size / GDP per capita (PPP) 21.18% 6.82%
Average Time to Fund a Loan 10.31 days 7.13 days
Average Dollars Raised Per Day Per Loan $36.98 $55.26
  Average Loan Term 13.7 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 23,951 796,556
  Journaling Rate 67.41% 43.15%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.80

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 41% PY 36.00% PY 25.24% PY
  Profitability (return on assets) 2.19% 0.5% -1.43%
  Average Loan Size (% of per capita income) 49.60% 56.00% 12.96%

Country Fast Facts

Field Partner Staff

Repayment Reporting API
SAMMY GAKOBO
Job Kirui
Joseph Mong'are
Boniface Muthusi
Faith Ndotu
Adrian Safari
Samuel Tobiko