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Julius' Group
In this Group: Julius, Maurice, David, Peter, Mary, Otwero, Eshituku, Rose, Julita
Abangonya is a group of nine group leader farmers in Kakamega North District, with Julius selected as the Kiva representative. Julius has volunteered to be the Kiva group representative and he is on the right of the photo, with his hand raised. Farming inputs will be delivered to Julius and the 87 individual farmers represented in this group. The credit consists of the necessary materials to plant ¼ acre of maize and ¼ acre of millet or sorghum. The individual farmers are not pictured here, but they will be receiving an average loan of KES 5,349 shillings.

Julius is a reliable member of the community. He is married, with six children. He is 48 years old and has been working as a farmer for the last ten years to support his family. Julius is also known as Pastor. In addition to this, Julius is very active in his community and is involved in the men's group. He described his harvest last year as being good. He hopes to continue working with One Acre Fund and to continue the success he is having with the One Acre Fund farm packages.

The 2013 Long Rains season won’t be Julius’s first season with One Acre Fund. He first joined One Acre Fund in 2012 and he has continued working with One Acre Fund in order to get the best seed prices, get new farming methods, and earn enough money to feed his family. As an active member in his community, Julius also chose to be a group leader and a Kiva representative because he is an active community member, he wants to help more farmers, and he wants to spread the story about One Acre Fund farmers. Julius plans on using the future profits from the harvest to send his children to school and to buy a cow. His life has improved by working with One Acre Fund because he has more profits from the harvest, he has more farm training, he was able to save money, and he was able to feed the family.

Julius and the Abangonya Group need a loan to cover the initial costs of purchasing the seeds and fertilizer through One Acre Fund. One Acre Fund will repay the Kiva loan on behalf of the farmers, through the profits from the farmers’ harvests. One Acre Fund pre-purchases the seeds and fertilizer when prices are low and passes the cost savings to the farmers. Throughout the planting and harvesting season, One Acre Fund also provides training and support to the farmers, as they make payments back to One Acre Fund. With support from One Acre Fund and your loan, these farmers will have a chance at a successful harvest, increased profits, and improved lives.

The field officer is also included in the photo and is standing on the left.

Additional Information

More information about this loan

This loan is part of One Acre Fund's integrated agricultural package, which provides groups of smallholder farmers with seeds and fertilizers on credit, onsite agricultural training, and insurance options. Borrowers also have the option to purchase solar lanterns as part of the loan package.

To give borrowers more flexibility, One Acre Fund permits them to switch groups, drop out of the program and change their loan amounts before receiving their inputs. To accommodate this, Kiva allows One Acre Fund to post loans for groups that may change in size and membership. Only the group leader is featured in the photo, representing the loans for each of his or her individual group members.

If a lender makes a loan to group containing a borrower that drops out, the lender will receive the full loan amount for that borrower back at the end of the harvest season. If the lender makes a loan to a group containing a borrower that decides to take a smaller loan amount after the loan is funded, the lender will receive the repayments from the smaller loan amount plus the full difference between the two loan amounts at the end of the harvest season.


This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

About One Acre Fund

With 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

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Kenya

  • $1,800
    Average annual income
  • 847
    View loans »
    Kenya Loans Fundraising
  • $42,925,925
    Funds lent in using Kiva
  • 86.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A portion of Julius' Group's $5,400 loan helped a member to purchase hybrid seeds and fertilizer to increase his harvest of maize, millet, and sorghum.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Feb 1, 2014
Listed
Dec 11, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 31, 2014