Jepkosgei lives in the Eldoret area of Kenya, which is a primary milk-producing area. Her primary income sources are milk, crops and a job salary. She has five children and has been doing her work for 10 years.
When asked what is most enjoyable about farming, Jepkosgei says she loves animals and she enjoys feeding them. When asked what is her biggest challenge, she says, "Feeding the animals can be hectic sometimes." The animals on the farm have been given the names Sambu and Kendo Goch.
Jepkosgei was asked how she learned of Juhudi Kilimo for this loan, to which she replied, "from another client". This client was also asked what was learned during Juhudi's required micro-finance training session. She says she learnt more about farming as a business. She will use this loan to construct a modern dairy unit for her dairy cows and buy poultry birds as well.
Her highest monthly expense is business-related. When asked, "How will this loan benefit your family?", Jepkosgei replied that she will be able to get more income; thus, take her children to school. Also she will be able to feed her children well.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jepkosgei owns the following: cow and poultry, but does not own a pig, pump, bicycle, motorcycle or automobile. 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, TV and DVD, but does not have solar power, running water 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.