Joyce lives in the Litein area of Kenya. She has five children and has been farming for seven years. Her primary income sources are milk, eggs and crops. Her biggest challenge is animal diseases. Animals on her farm have been named Serio and Chelegen.
Joyce chose Juhudi Kilimo for this loan because the organization insures dairy cows. During Juhudi's required micro-finance training session, Joyce learned that the organization gives loans to individuals within a group.
Joyce’s highest monthly expense is school fees. This loan will benefit her family by enabling her to pay school fees for her children. As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Joyce owns a cow and poultry but does not own a pig, pump, bicycle, motorcycle or automobile. In terms of household assets, she has a mosquito net and solar power but does not have electricity, running water, a sewing machine, a TV or a 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.