Paul is a resident of Litein South Rift Kenya. He has three children and has been farming for nine years. His primary sources of income are milk, eggs, and tea.
He stated what is most enjoyable about farming: "Fencing!" His biggest challenge is "ploughing season." One of his animals is named Seker. He has requested a loan of 35,000 KES from Juhudi Kilimo to buy a chuff cutter. He says this will help ease the feeding of the dairy cows.
Paul was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Good loan terms." This client was also asked what was learned during Juhudi's required micro-finance training session: "It gives small loans to farmers without much securities."
His highest monthly expense is school fees. When asked how this loan will benefit his family, Paul replied, "It will earn me more income."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul owns the following: "cow, poultry, motorcycle" but does not own "pig, pump, bicycle, automobile." Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in his household "mosquito net, running water" but does not have "electricity, solar power, sewing machine, TV, DVD."
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.