Jane lives in the Eldoret area of Kenya which is the training ground for many of Kenya's Olympic runners. She has three children. Her primary income sources are selling milk and growing crops, and she has been doing this work for 13 years.
She stated that what was most enjoyable about farming was 'selling milk to cater for the needs of the family!' Her biggest challenges are 'the high costs of feeding the animals especially during the dry season.' Animals on the farm have been given the names of 'Lelbonget.'
Jane will use the loan amount to buy and insure a dairy cow. She was asked why she chose Juhudi Kilimo for this loan, to which she replied, 'I was introduced to Juhudi by a friend in the group ...' Jane was also asked what was learned during Juhudi's required micro-finance training session and replied, 'how to use credit assets to generate income to repay the credit and to develop oneself.'
Jane's largest monthly expense is farming costs. When she was asked, 'how will this loan benefit your family?' Jane replied, 'more income and nutrients for the family from the milk produced.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Jane owns the following: 'cow and poultry' but does not own 'pig, pump, bicycle, motorcycle or 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 or DVD'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and sent 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.