Paul lives in the Litein area of Kenya, which houses a campus of Mt. Kenya University. He has six children, and his primary income sources are milk and eggs. He has been doing this work for three years.
He stated what is most enjoyable about farming: “Farming!” His biggest challenge is “diseases”. Animals on the farm have not been given names.
Paul was asked why he chose Juhudi Kilimo for this loan, to which he replied, “Because I am a farmer.” This client was also asked what was learned during Juhudi's required micro-finance training session, to which he replied, “Good in supporting our farming.”
His highest monthly expense is farming costs. When asked how this loan will benefit his family, Paul replied, “Improve living standards.”
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul owns a cow and poultry, 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 in the household a mosquito net and running water, but does not have electricity, solar power, sewing machine, TV, or 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.