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


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 $6,829,000 $890,991,225
Amount of raised Inactive loans $225 $681,950
Number of raised Inactive loans 2 338
Amount of Paying Back Loans $2,069,975 $141,612,725
Number of Paying Back Loans 4,401 174,383
Amount of Ended Loans $4,758,800 $748,696,550
Number of Ended Loans 9,253 931,325
Delinquency Rate 2.87% 9.26%
Amount in Arrears $36,813 $8,582,739
Outstanding Portfolio $1,282,320 $92,696,873
Number of Loans Delinquent 1,250 31,763
Default Rate 2.77% 1.35%
Amount of Ended Loans Defaulted $131,931 $10,123,139
Number of Ended Loans Defaulted 678 28,452
Currency Exchange Loss Rate 0.48% 0.45%
Amount of Currency Exchange Loss $32,800 $3,973,667
Refund Rate 0.44% 0.64%
Amount of Refunded Loans $30,200 $5,731,525
Number of Refunded Loans 33 5,858

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 67.87% 74.98%
Average Loan Size $499 $406
Average Individual Loan Size $501 $638
Average Group Loan Size $243 $1,803
Average number of borrowers per group 7.9 7.8
Average GDP per capita (PPP) in local country $1,800 $5,928
Average Loan Size / GDP per capita (PPP) 27.74% 6.85%
Average Time to Fund a Loan 8.38 days 6.94 days
Average Dollars Raised Per Day Per Loan $59.56 $58.55
  Average Loan Term 14.33 months 11.07 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,193 458,765
  Journaling Rate 42.31% 41.60%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.01 1.25

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 35% PY 36.00% PY 26.52% PY
  Profitability (return on assets) -7.1% 0.5% 0.07%
  Average Loan Size (% of per capita income) 49.60% 56.00% 18.53%

Country Fast Facts

Field Partner Staff

Job Kirui
Joseph Mong'are
Cleopas Ndaramu
Faith Ndotu
Adrian Safari
Elvin Walela