Juhudi Kilimo
Status update — February 12, 2018
Kiva recently re-assessed the level of risk associated with loans from this Lending Partner. During this process, our analysts gathered updated operational and financial information about the institution, spoke with key members of the staff and analyzed the Lending Partner’s loan products. As a result, Juhudi Kilimo’s risk rating is now listed as 3.5 stars instead of 2.5 stars. The primary reasons for this change in rating are the organization's strong, sustainable growth driven by a very strong board and management team.
Partner description:
Juhudi Kilimo Company Limited is a newly established for-profit enterprise that addresses rural economic development in Kenya by providing innovative, agriculture-based, micro-asset financing loans. These specialized loans assist the smallholder farmers in acquiring productive assets such as dairy cows, chickens and irrigation equipment. Juhudi’s product lines bring added value to agriculture, the largest economic field in rural Kenya, by financing assets that offer long-term gains in productivity and provide sustainable wealth creation.
Spun off in April 2009, Juhudi first established a five-year track record of success as an asset financing program within the K-Rep Development Agency (KDA), an antipoverty NGO that performs research and product development for the microfinance sector. Today Juhudi provides financial services to over 7,000 smallholder farmers, approximately half of whom are women. The company’s mission is to provide market-driven, wealth-creating financial services for rural smallholder farmers and enterprises while achieving a positive social impact.
Kiva shared an office in Nairobi with Juhudi Kilimo through November 2012.
Status update — May 20, 2010
Please note that this Partner does not meet all of Kiva’s minimum requirements for partnership. Juhudi Kilimo was established as an independent organization in March 2009 and was previously a project of K-Rep Development Agency (begun in 2003). The organization fails to meet Kiva’s minimum criteria as a result of its short history as an independent entity as well as the absence of audited financial statements as an independent entity.
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. Furthermore, Juhudi Kilimo, along with many other Kiva partners, has chosen to activate our Currency Exchange Loss feature. On loans where you see that Currency Exchange Loss is set to “Possible,” lenders may lose funds as a result of a currency devaluation of more than 20% of the Kenyan shilling against the US dollar.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jan 15, 2010 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $42,053,950 | $2,046,857,240 | |
| Amount of raised Inactive loans | $3,475 | $329,125 | |
| Number of raised Inactive loans | 16 | 224 | |
| Amount of Paying Back Loans | $6,584,060 | $154,628,025 | |
| Number of Paying Back Loans | 20,264 | 186,271 | |
| Amount of Ended Loans | $35,466,415 | $1,851,013,910 | |
| Number of Ended Loans | 96,009 | 2,491,542 | |
| Delinquency Rate | 4.59% | 12.11% | |
| Amount in Arrears | $169,115 | $11,277,316 | |
| Outstanding Portfolio | $3,128,181 | $93,149,537 | |
| Number of Loans Delinquent | 3,769 | 54,545 | |
| Default Rate | 1.17% | 1.82% | |
| Amount of Ended Loans Defaulted | $414,407 | $33,742,451 | |
| Number of Ended Loans Defaulted | 2,498 | 88,997 | |
| Currency Exchange Loss Rate | 1.44% | 0.47% | |
| Amount of Currency Exchange Loss | $1,018,941 | $12,725,634 | |
| Refund Rate | 0.22% | 0.53% | |
| Amount of Refunded Loans | $90,550 | $10,938,345 | |
| Number of Refunded Loans | 202 | 9,670 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 90.14% | 78.48% | |
|---|---|---|---|
| Average Loan Size | $362 | $393 | |
| Average Individual Loan Size | $362 | $586 | |
| Average Group Loan Size | $243 | $1,910 | |
| Average number of borrowers per group | 7.9 | 8.3 | |
| Average GDP per capita (PPP) in local country | $1,800 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 20.09% | 7.02% | |
| Average Time to Fund a Loan | 11.8 days | 9.12 days | |
| Average Dollars Raised Per Day Per Loan | $30.64 | $43.09 | |
| Average Loan Term | 13.91 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 78,523 | 1,221,186 | |
|---|---|---|---|
| Journaling Rate | 76.39% | 41.91% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 41% PY | 36.00% PY | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 0.97% | 0.5% | -1.28% | |
| Average Loan Size (% of per capita income) | N/A | 56.00% | 0.00% |
Country Fast Facts
- Country:
- Kenya
- Capital:
- Nairobi
- Official Language:
- English (official), Kiswahili (official)
- Population:
- 45,010,056
- Avg Annual Income:
- $1,800
- Labor Force:
- agriculture: 75%, industry and services: 25%
- Population Below Poverty Line:
- 43.40%
- Literacy Rate:
- 87.40%
- Infant Mortality Rate (per 1000):
- 40.71 deaths
- Life Expectancy:
- 63.52 years
Lending Partner Staff
Geoffrey KibathiJob Kirui
Geoffrey Korir Korir
Ireene Mueni
Faith Ndotu
Bryan Ogeti
Evelyne Wanja
Veronica Wanjiru