Nancy lives in the Muranga area of Kenya, which is a heavy pineapple-producing region. She has 5 children and has been doing this work for 15 years. Her primary income sources are milk, eggs, tea, crops, transportation services, employer pension, personal business. She will use the loan amount to buy a chuff-cutter which will ease the feeding of animals.
She stated what is most enjoyable about farming: "Income.!" Her biggest challenge is "Cutting nappier grass with a panga". The animal in the farm is named "Brown".
Nancy was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Because they buy asset for smallscale farmers." This client was also asked what was learned during Juhudi's required micro-finance training session: "Loan must be paid and savings must be done."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?", Nancy replied "Will reduce workload. Therefore there will be more time to do other jobs."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Nancy owns the following: a cow, pig, poultry, and an automobile, but does not own a pump, bicycle, or motorcycle. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net, electricity, running water, TV, and DVD, but does not have solar power, or a sewing machine.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
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.