Chesang lives in the Litein area of Kenya, an area known for high production of milk. She has 4 children and has been a farmer for 5 years. Her primary income sources are from milk and eggs. She stated that the most enjoyable aspect of farming was grazing the cows. Her biggest challenge is tilling the land. The pictured animal's name is Chepkuinet.
Chesang was asked why she chose Juhudi Kilimo for this loan, to which she replied that they have low rates. Her highest monthly expense is school fees. When asked how this loan will benefit her family, Chesang replied that her family's income will increase. As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Chesang owns the following: 'cows 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 a mosquito net but does not have electricity, solar power, running water, a sewing machine, TV 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.