Paul lives in the Eldoret area of Kenya. He has 4 children and has been doing this work for 4 years. His primary income sources are from selling milk, eggs and crops.
He stated what is most enjoyable about farming: 'taking his cows for milking from grazing.' His biggest challenge is 'buying dairy meal.' Animals on the farm have been given the names of 'teta - cows'.
Paul was asked why he chose Juhudi Kilimo for this loan, to which he replied: 'Juhudi Kilimo officer outreached our group.' This client was also asked what was learned during Juhudi's required micro-finance training session: 'I can now save my money very well.'
His highest monthly expense is family expenses. When asked 'How will this loan benefit his family', Paul replied 'mass production of milk means I will have a lot of money to keep my family.'
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul owns the following: 'cow, poultry' but does not own 'pig, pump, bicycle, motorcycle, automobile'. Juhudi Kilimo also tries to measure any change in living standards based on this loan. This borrower has in the household 'mosquito net, solar power, running water' but does not have 'electricity, 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.