Paul lives in the Muranga area of Kenya, which produces coffee for export. He has three children and has been doing this work for 10 years. His primary income sources are crops and a personal business.
He stated what is most enjoyable about farming: "Income from farming." His biggest challenge is marketing. Animals on the farm have been given no names.
Paul was asked why he chose Juhudi Kilimo for this loan, to which he replied: "Its terms are favorable." This client was also asked what was learned during Juhudi's required micro-finance training session: "Financial management."
His highest monthly expense is school fees. When asked how this loan will benefit his family, Paul replied, "Improve our livelihood."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul owns poultry and a bicycle, but does not own a cow, pig, pump, 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, but does not have electricity, solar power, running water, 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.