Elizabeth lives in the Eldoret area of Kenya, which is a primary milk-producing area. She has three children.
She is a farmer and has been doing this work for four years. Her primary income sources are milk, eggs and a job salary.
She stated what is most enjoyable about farming: "Keeping dairy cows for milk production."
Her biggest challenge is "low finances to acquire high yielding dairy animals or improve the existing breeds." An animal on the farm has been given the name of "Tuimet."
She has requested a loan of 31,200 KES from Juhudi Kilimo to buy and insure a dairy cow.
Elizabeth was asked why she chose Juhudi Kilimo for this loan, to which she replied that she knew about Juhudi from a colleague. This client was also asked what was learned during Juhudi's required microfinance training session. She said, "'How to acquire an asset through credit, use the asset to finance the loan and develop oneself."
Her highest monthly expense is farming costs. When asked how this loan would benefit her family, Elizabeth replied, "Acquire another dairy animal to boost production."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Elizabeth owns "cow" and "poultry" but does not own "pig, pump, bicycle, motorcycle, automobile."
Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower does not have "mosquito net, electricity, solar power, running water, sewing machine, TV, 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.