Pamela lives in the Kitale area of Kenya, which has a high regional output of maize. She has five children and has been farming for five years. Her primary income sources are milk, eggs, and crops.
She stated what is most enjoyable about farming: "Profits from milk selling!" Her biggest challenge, she says, is maintenance and cleaning of her zero grazing unit. Animals on the farm have been given names like Mary.
Pamela was asked why she chose Juhudi Kilimo for this loan, to which she replied, "Because of dairy cattle insurance." This client was also asked what was learned during Juhudi's required micro-finance training session. She responded, "It's very important to save because it will help you in future."
Her highest monthly expense is school fees. When asked "How will this loan benefit your family?," Pamela replied "By getting more milk to sell and improve the family income."
As part of Juhudi's loan appraisal process, like each borrower her assets are evaluated. Pamela owns the following: cow, poultry, and bicycle; but does not own: 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 mosquito netting, running water, and a TV but does not have electricity, solar power, sewing machine, or DVD player.
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.