Paul lives in the Eldoret area of Kenya, which is home to the main campus of Moi University. He has 4 children and has been a farmer for 8 years. His primary income sources are milk and egg sales and crops.
He likes tending to his cows but finds it difficult when there is a drought in the area.
He requested a loan of KES.50,000 from Juhudi Kilimo for purchasing a dairy cow. Paul was asked why he chose Juhudi Kilimo for this loan, and he said because they are efficient. During the training course with Juhudi Kilimo, he learned how to keep records for his business.
His highest monthly expense is school fees. The profits from this loan will allow Paul to provide a better standard of living for his family.
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul has a cow and some chickens but does not own a pig, pump, bicycle, motorcycle or automobile. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has a mosquito net but does not have electricity, solar power, running water, a sewing machine, TV or DVD player.
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.