Graham takes care of eight children at home. He joined One Acre Fund due to One Acre Fund’s best prices and in order to ensure food security for his family and later educate his children. In the recent 2011 season, Graham had an excellent maize yield harvesting seven and a half bags on half an acre of land. Before joining One Acre Fund, Graham was only able to harvest three and a half bags of maize on half an acre of land.
With this loan, One Acre Fund will purchase fertilizer, seeds, and other important inputs to distribute to Graham and his group during Kenya’s next planting season in February 2012. The distribution of farming inputs is part of One Acre Fund’s integrated agriculture package, which includes training, reliable input supply (such as fertilizer and seeds), credit, and insurance.
With income from maize sales, Graham will educate his children, build a house, and invest in livestock rearing. In 2012, the members of Khakakho group will each plant maize plots between half and one acre of land.
In the photograph above, Graham is pictured with his group members.
About One Acre FundWith this loan, One Acre Fund will purchase fertilizer, seeds, and other important farming inputs to distribute to this farmer group during Kenya's next planting season in February. This distribution of farming inputs is part of One Acre Fund's integrated agriculture package, which includes training, reliable input supply (such as fertilizer and seeds), credit and insurance. Clients enroll between July and October for the following planting season, which begins in February. By purchasing inputs during these months, One Acre Fund is able to take advantage of the historically low farm input prices during this time of year in Kenya.
Members of One Acre Fund form groups in which each borrower guarantees the loans of all other borrowers in the group. One Acre Fund differs from a traditional microfinance institution, however, by allowing groups to split before the delivery of inputs at planting time. If a group were to split, each of the two new groups would have fewer members that could support a delinquency or default from a member. This may represent a different risk than that for a traditional MFI’s group loan.
Important Information About the Risk of One Acre Fund
One Acre Fund is not assigned a risk rating on Kiva. This is due to the fact that One Acre Fund’s business model differs enough from traditional microfinance models that Kiva’s current risk rating system is not applicable in accurately reflecting the risk assessment. Key risks and further information in making loans to One Acre Fund borrowers can be found on the organization’s partner page.
This is a Group Loan
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Success!! The loan was 100% repaid