Mary lives in the Muranga area of Kenya, which lies in the central Rift Valley. She has four children and has been doing this work for 27 years. Her primary income sources are milk and crops.
She stated what is most enjoyable about farming: "The returns from my investments and success." Her biggest challenge is "Finding a market for her farm products." Animals on the farm have been given the names of "Mulevu, Catelina, and Mumbua."
Mary was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Because it helps farmers in acquiring assets." This client was also asked what was learned during Juhudi's required micro-finance training session: "Provides small scale farmers with farming assets."
Her highest monthly expense is farming costs. When asked how this loan will benefit her family, Mary replied "By uplifting living standards with income from milk sales."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Mary owns the following: "cow, poultry, pump, and bicycle" but does not own "pig, 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 net, electricity, running water, TV, and DVD" but does not have "solar power or a sewing machine."
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.