Paul lives in the Muranga area of Kenya, which lies in the central Rift Valley. His primary income sources are tea, crops, providing transportation services, and a personal business. He has 2 children and has been doing this work for 3 years. He will use this loan to buy piglets.
Paul stated what is most enjoyable about farming is that farming is a form of self-employment. He enjoys it because he is the boss on his farm. His biggest challenge is wen diseases attack his crops, which affect production and returns.
Paul was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Favourable loan terms i.e fair interest rate and good repayment duration.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'Microfinance helps me to grow with the loans advanced.'
His highest monthly expense is family expenses. When asked 'How will this loan benefit your family?', Paul replied 'Higher income from the project will enable him to improve the family's living standard.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul owns the following: 'pig, automobile' but does not own 'cow, poultry, pump, bicycle, motorcycle'. 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, TV, DVD' but does not have 'solar power, sewing machine'.
Note: To create this loan profile, Juhudi Kilimo used a mobile device to gather information in the field and send the data to a central online repository, thus reducing paper use, making the process more efficient, and keeping costs down.
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.