Selly (pictured here with her knitting machine) lives in the Litein area of Kenya, which houses Mt. Kenya University. She has one child. Her primary income is derived from selling dairy products. She has been doing this work for 17 years. She also runs a tailoring shop within the local markets to supplement her income.
She stated what is most enjoyable about farming "keeping cows." Her biggest challenge is "a lack of funds." Her animals are not named. She will use the loan to buy a dairy cow.
Selly was asked why she chose Juhudi Kilimo for this loan, to which she replied, "because it provides good client training." This client was also asked what was learned during Juhudi's required micro-finance training session. She replied, "Juhudi Kilimo is best."
Her highest monthly expenses are her farming costs. When asked how will this loan benefit her family, Selly replied "It will enable me to generate more income and meet my family's needs."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Selly owns a cow and a motorcycle but does not own a pig, poultry, pump, bicycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in her household a mosquito net and sewing machine but does not have electricity, solar power, running water, TV or DVD.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the fields and then send the data to a central online repository, thus reducing paper use, making the process more efficient and 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.