Irine lives in the Eldoret area of Kenya and has two children. Her primary income sources are milk and transportation services. She has been doing this work for four years.
She stated what is most enjoyable about farming: “milking and selling milk in the market.” She stated her biggest challenge as, “Milk production lowers during dry periods, lowering down profits.” Animals on the farm have been given the names of “Lelmet” (has white forehead).
Irine was asked why she chose Juhudi Kilimo for this loan, to which she replied, “quick services and a lower interest rate compared to other financial institutions.” This client was also asked what was learned during Juhudi's required micro-finance training session, to which she replied, “how to plan and to use budgets.”
Her highest monthly expense is farming costs. When asked, “How will this loan benefit (your) family?”, Irine replied, “increased income flow and hence, improve our living standards.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Irine owns a cow and a motorcycle, but does not own a pig, poultry, pump, bicycle, or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household a mosquito net, but does not have electricity, solar power, running water, sewing machine, TV, or DVD.
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.