Jane lives in the Nkubu area of Kenya, which grows a lot of 'miraa,' which can be chewed like tobacco. She has no children and has been raising livestock for 15 years. Her primary income sources are eggs and personal business.
She stated what is most enjoyable about farming: "Selling farm products." Her biggest challenge is: "Competition." Animals on the farm have been given the names of: "Molly."
Jane was asked why she chose Juhudi Kilimo for this loan, to which she replied: "Low interest rates." This client was also asked what was learned during Juhudi Kilimo's required microfinance training session: "Offers financial services to smallholder farmers."
Her highest monthly expense is family expenses. When asked: "How will this loan benefit your family?," Jane replied: "Improved living standards."
As part of Juhudi Kilimo's loan appraisal process, each borrower's assets are evaluated. Jane owns the following: 'cow and poultry,' but she does not own: 'pig, pump, bicycle, motorcycle or automobile'.
Juhudi Kilimo also tries to measure any change in living standards, based on this loan. This borrower has in the household: 'mosquito net, electricity, running water, sewing machine, TV, and DVD,' but she does not have 'solar power.'
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.