Caroline lives in the Litein area of Kenya. She has 4 children and has been doing this work (farming) for 6 years. Her primary income sources come from selling milk, eggs, and tea.
She stated that in farming, her biggest challenge is that, "Animal feeds are expensive." Animals on the farm have been given the names of 'Moita'.
Caroline was asked why she chose Juhudi Kilimo for this loan, to which she replied, "Because of good training." This client was also asked what was learned during Juhudi's required micro-finance training session. She said, "It gives loans to farmers."
Her highest monthly expense is school fees. When asked how this loan would benefit her family, Caroline replied that it, "Will help meet family needs." The loan will be used to construct a grazing unit.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Caroline owns the following: cows and poultry, but does not own, "pig, pump, bicycle, motorcycle, automobile." Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household mosquito nets, but does not have, "electricity, solar power, running water, sewing machine, TV, DVD."
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.