Emy lives in the Kericho area of Kenya, which has a very beautiful countryside. She has 3 children and has been doing this work for 8 years. Her primary income sources are milk, tea, and crops.
She stated that facing challenges is her favorite thing about farming. Her biggest challenge is rising prices. An animal on the farm have been given the name Boet.
Emy was asked why she chose Juhudi Kilimo for this loan, to which she replied: "It has a grace period." This client was also asked what was learned during Juhudi's required micro-finance training session: "Loans are paid once in a month."
Her highest monthly expense is transportation costs. She said that the loan will help to increase her income.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Emy owns the following: a cow, poultry, and a motorcycle, but does not own a pig, pump, bicycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net and TV in the household but does not have electricity, solar power, running water, a sewing machine, or a DVD player.
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.