Written by the Micro Enterprise Team, December 2017
As the end of year approaches, Village Hope Core has so much to be thankful for. The Micro Enterprise Department has continued to experience spectacular success through the year and has shared highlights through the year of our Micro Lending beneficiaries who have done exceptionally well and we will continue to do so. After all, as Tom Peters says we should celebrate what we want to see more of.
Our highlight this month is quite young but has and continues to do so well and is a role model to other young people. Patrick Karani is a thirty-year-old guy and a beneficiary of the Micro Lending Program. He is married to Edith Kanini.
Patrick’s story teaches us not to give up but to keep working and making the effort and soon our efforts will pay off one day.
Patrick was passionate about getting a good education since he had watched those who went to school succeed in his village and he wanted this so much. After completing his secondary school education, financial constraints in his family meant he could not proceed with his education. He became a casual laborer in an effort to make ends meet and contribute his family’s wellbeing. At this point, his monthly income stood at KES 4000(USD 40). With some savings, he bought a small dairy cow for his family.
Afterwards, he moved to the city where started selling light bulbs for one year before business started declining and he had to come back home. Fortunately, he had saved up when the business was doing well. He used the savings to start a chicken-rearing business that did very well.
It was during this time that he joined Arithi 4 Self-Help Group. Here he met other like-minded people who mentored and encouraged him. The group received their normal loan in 2015 and Patrick received KES 60,000 (USD 600).
He sold the small cow he had at home, combined with the loan from Village HopeCore and bought another high breed dairy cow with very high milk production.
From selling the milk, his monthly income now stood at KES 25,920 (USD 250). With the profits from his dairy farming business, he was able to expand his chicken-rearing business and soon he was making a monthly income of KES 10,900 (USD 100). He later started a motorbike business from which he got a monthly income of KES 9000 (USD 90). With all these businesses, his total income at this point stood at KES 45,820 (USD 450) from his initial income of KES 4,000 (USD 40) hence a 91.2 % income increase within the first two years.
With this increase in, he was able to install piped water and solar power to light his home. He continues to show much promise now that the group has received their second cycle loan. We are so proud to be part of his story and his accomplishments so far.