Wycliffe is a reliable member of the community. He is married with eight children. Wycliffe is fifty-four years old and has been working as a farmer for the last forty-five years to support his family. In addition to this, Wycliffe is very active in his community and is involved in the men's group, savings group, prayer group and the burial committee. He described his harvest last year as good. He hopes to continue working with One Acre Fund and keep enjoying the success he is having with the One Acre Fund farm packages.
Wycliffe first enrolled with One Acre Fund in 2010 and is now preparing to be a One Acre Fund farmer during the 2014 Long Rains season. Wycliffe joined One Acre Fund in order to get the best seed prices, learn new farming methods, get fertilizer and hybrid seeds, earn enough to feed his family and send children to school. He also volunteered to be a group leader and Kiva representative because he is an active community member, who wants to help more farmers learn about One Acre Fund. Wycliffe plans to use the money that he earns from his next harvest to send his children to school, repair the home, save for the future and buy a cow. He notes that working with One Acre Fund has lead to many benefits for One Acre Fund farmers. Wycliffe’s own life was improved because he has more profits from harvest, more farm training and more farm group support, which enabled him to save money and feed the family.
One Acre Fund focuses on working with smallholder farmers across Kenya. The organization pre-purchases seeds and fertilizer when prices are low and passes the cost savings onto the farmers. Wycliffe and his group will use the Kiva loan to cover this initial cost of purchasing the seeds and fertilizer package from One Acre Fund. One Acre Fund continues providing training and support throughout the planting and harvesting season to ensure a good harvest and repayment. With support from One Acre Fund and your loan, these farmers will have a chance at a successful harvest, increased profits and improved lives.
More information about this loan
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 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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