Rose lives in the Ndaragwa area of Kenya, which has one of the cooler climates in Kenya. She has 5 children and has been doing this work for 16 years. Her primary income sources are milk, eggs and crops.
She stated what is most enjoyable about farming: 'Selling milk.' Her biggest challenge is 'Feeding the animals.' Animals on the farm have been given the names of 'Nguno the cow.'
Rose was asked why she chose Juhudi Kilimo for this loan, to which she replied: 'They deliver their services to farmers' doorsteps.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Group guarantee enables one to get a loan with less security.'
Her highest monthly expense is school fees. When asked 'How will this loan benefit her family', Rose replied 'More income from milk.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Rose owns the following: 'cow, 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 'solar power, running water, TV, DVD' but does not have 'mosquito net, electricity, sewing machine'.
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.