Mary lives in the Eldoret area of Kenya, which is extremely fertile for agriculture. She has six children and has been farming for 10 years. Her primary income sources are from milk, eggs, crops and personal business.
What is most enjoyable about farming is “selling products.” Her biggest challenge is “spraying.” Animals on the farm have been named “Mur Kuut” (referring to the colour, size and character of her cattle).
Mary chose Juhudi Kilimo for his loan because the organization “deals with farmers.” During Juhudi's required micro-finance training session, Mary learned that saving “is important.”
Her highest monthly expenses are farming costs. She believes this loan will benefit her family by improving its livelihood.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Mary owns a cow, poultry and bicycle but does not own a pig, pump, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. Mary 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.