Mary lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. Her primary income sources are milk, eggs, crops, and personal business. She has seven children and has been doing this work for 20 years.
She stated what is most enjoyable about farming: “Dairy farming and horticulture!” Her biggest challenges are “diseases that affect dairy cows and animal feeds.” Animals on the farm have been given the names of “Rubia” and “Maua”.
Mary was asked why she chose Juhudi Kilimo for this loan, to which she replied, “Because Juhudi Kilimo finances farmers to acquire assets and I wanted to buy a dairy cow.”
This client was also asked what was learned during Juhudi's required microfinance training session: “I was able to learn about the various assets that Juhudi Kilimo finances as a microfinance institution and the usefulness of diversifying agricultural activities.”
Mary’s highest monthly expense is school fees. When asked, “How will this loan benefit your family?”, Mary replied, “My children will be able to get school fees through selling of milk and they will also get food.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Mary owns the following: cow, poultry, bicycle, but she does not own a pig, pump, 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, but does not have electricity, solar power, running water, a sewing machine, TV, or DVD.
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.