Written by the Micro Enterprise Team
We shared many highlights of our Micro Lending beneficiaries who have done exceptionally well throughout last year. As Tom Peters says “we should celebrate what we want to see more of.”
Our highlight this month is Patrick Karani. He is thirty years old and is married to Edith Kanini. He is a beneficiary to the Micro Lending Program. He is a role model to many young people by continuing to do so well. Patrick’s story teaches us not to give up. It teaches us to keep working hard and putting forth the effort so that all our efforts will pay off.
As a young boy, Patrick was passionate about getting a good education. He watched those who went to school in his village succeed. After completing secondary school, he had financial constraints within his family which meant he could not proceed with his education. He became a casual laborer to provide for his family and make ends meet. His monthly income stood at KES 4000 (USD 40). With some savings, he bought a small dairy cow for his family.
After buying the small dairy cow, he moved to the city where he started selling light bulbs for a year. After that year, the business started declining and he had to return home. Fortunately, when business was doing well, he had saved enough money which helped lead him into his next business.
He used the savings to start a chicken-rearing business that ended up doing very well. During this time, he joined Arithi 4 Self-Help Group where 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).
With the loan from Village HopeCore and the money he made from selling his first cow, he was able to buy another high breed dairy cow that had very good milk production.
Patrick was able to sell the milk the cow produced making his monthly income now 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 the businesses he now had, his total income at this point stands at KES 45,820 (USD 450). He has come a long way from his initial income of KES 4000 (USD 40) That’s a 91.2 % income increase within the first two years.
With the increase in money, he was able to install piped water and solar power to light his home. After receiving a second loan from Village HopeCore, he continues to show so much promise. We are so proud of him and proud we get to be a part of his story and all his accomplishments so far.