Paul lives in the Kitale area of Kenya, which is an area with high poultry production and consumption. He has been doing this work for 28 years. His primary income sources are milk, eggs, and crops. He has seven children.
When asked what is most enjoyable about farming, he replied, "Feeding dairy cows!" He names diseases as his biggest business challenge is. Animals on the farm have been given the names of "Maua."
Paul was asked why he chose Juhudi Kilimo for this loan, and he answered, "Because it finances and gives loans to farmers at a lower interest rate as compared to other MFIs, which do not deal with asset financing." He learned during Juhudi's required micro-finance training session that the loans offered "are short term loans for small scale farming and businesses."
His highest monthly expense is school fees. When asked "How will this loan benefit your family?", Paul replied, "Money from the sale of milk will help supplement my other income so that I can pay school fees for my children."
As part of Juhudi's loan appraisal process, each borrower's assets are evaluated. Paul stated that he owns "cow, poultry, bicycle" but does not own "pig, pump, 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, electricity, TV, DVD" but does not have "solar power, running water, sewing machine."
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.