Important Information from Kiva about One Acre Fund 
Kiva is not able to score One Acre Fund in the star rating system because the organization’s business model sufficiently differs from that of a microfinance institution, upon which the star rating system is based.  Kiva has conducted onsite due diligence of One Acre Fund and Kiva’s Investment Committee approved the organization as a partner.
One Acre Fund’s business model focuses on working with smallholder farmers across Kenya, Rwanda, and Burundi to promote an integrated agriculture package which includes training, reliable input supply (i.e., fertilizer, seeds), credit and insurance.  One Acre Fund enrolls farmers in its program during the months of July through October in preparation for the following growing season.  One Acre Fund also purchases fertilizer and important inputs during these months as prices in Kenya are historically low during these months, allowing cost savings to be passed on to farmers.  In February of the following year, One Acre Fund delivers the pre-purchased fertilizer, seeds, and other important inputs to farmers in market areas near their farms.  During the growing season, One Acre Fund continues to provide farmers with training and support, and allows farmers to make payments as frequently or infrequently as they wish.  At harvest time in October, farmers are required to finish repaying their loans for which they enrolled in the previous year.

One Acre Fund loans on Kiva will:
1. Be sourced from Kenya. 
2. Have a disbursement date sometime during the months of February or March.
3. Have the input supplies delivered to growers in February for the growing season.
4. Be due in full the following October at harvest time.  

Note:  Any payments collected before the official October due date will be treated as repayments on Kiva, reported by One Acre Fund, and repaid to Kiva lenders upon receipt from One Acre Fund.
Among other risks described on the Risk and Due Diligence page,  Kiva lenders are also exposed to the risk associated with the possibility of major crop failure due to drought, disease or other natural disaster or uncontrollable event.  In this event, One Acre Fund’s policy is to forgive the loan to the farmer to ensure that they retain sufficient resources to feed themselves and their family.

From One Acre Fund:
Most of the world’s poor are farmers. One Acre Fund is a new social enterprise that focuses on helping hard-working farm families in East Africa to increase farm profit. One Acre Fund loans farm inputs to families (seed and fertilizer), gives in-depth agriculture training, and provides harvest market access. One Acre Fund delivers everything within walking distance of the farmer and is increasingly using its distribution network to promote productive products.  For example, all One Acre Fund families in Kenya receive tree seeds, vegetable seeds, and health products. The organization started in 2006, serves 55,000 farm families as of August 2011, and is roughly doubling in size every year. Its ambition is to help spark a revolution in lending focused on the world’s tens of millions of underserved farm families. 
One Acre Fund’s motto is Farmers First and the organization's values are: 
  • Humble Service - We meet farmers in their fields and we get our shoes muddy. Farmers are our customers and we serve them with humility.
  • Hard Work - We work hard every day. We execute with world-class professionalism and business excellence. Farmers deserve nothing less.
  • Continual Growth - We improve every season. We work with determination to meet our goals and then stretch ourselves by raising the bar even higher.
  • Family of Leaders - We bring together the best leaders and build long-term careers. We care for team members like family.
  • Dreaming Big - We envision serving millions of farm families. We build for scale with every idea and solution.
  • Integrity - We do what we say, and our words match our values.

Environmental Sustainability

One Acre Fund has a unique, multi-year relationship with the farmers that we serve. Unlike many organizations and companies that do a one-time training or a one-time sale, One Acre Fund is genuinely concerned about the long-term sustainability of our farm families, and we work hard to protect their environments. We believe that our farmers make a uniquely positive contribution to the long-term health of their soils and to their environments.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Sep 19, 2011 Oct 12, 2005
Total Loans $2,630,425 $590,587,600
Amount of raised Inactive loans $0 $709,800
Number of raised Inactive loans 0 573
Amount of Paying Back Loans $1,401,600 $123,092,325
Number of Paying Back Loans 349 131,077
Amount of Ended Loans $1,228,825 $466,785,475
Number of Ended Loans 1,736 593,552
Delinquency Rate 0.00% 4.23%
Amount in Arrears $0 $3,465,940
Outstanding Portfolio $1,401,600 $81,929,648
Number of loanDelinquent 0 16,779
Default Rate 5.59% 1.15%
Amount of Ended Loans Defaulted $68,647 $5,349,645
Amount of Ended Loans $1,228,825 $466,785,475
Number of Ended Loans Defaulted 487 16,827
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $536,808
Refund Rate 0.04% 0.77%
Amount of Refunded Loans $1,150 $4,537,625
Number of Refunded Loans 1 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 63.31% 74.17%
Average Loan Size $116 $418
Average Individual Loan Size $625 $655
Average Group Loan Size $1,262 $1,828
Average number of borrowers per group 10.9 8
Average GDP per capita (PPP) in local country $1,800 $3,430
Average Loan Size / GDP per capita (PPP) 6.44% 12.19%
Average Time to Fund a Loan 10.63 days 5.59 days
Average Dollars Raised Per Day Per Loan $10.91 $74.76
  Average Loan Term 9.19 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 2,021 295,819
  Journaling Rate 95.91% 42.38%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

Borrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 45% APR 36.00% PY 33.46% PY
  Profitability (return on assets) N/A 0.5% -1.39%
  Average Loan Size (% of per capita income) N/A 56.00% 41.11%

Country Fast Facts

Field Partner Staff

Everlyne Achieng
Jenny Best
Virginia Dimande
Kalie Gold
Jake Goldberg
Katie Hubner
David Jilani
Joseph Karanja
Irene Khatiala
Samora Munyasia
Jennifer Mwongela
Ross Roberts
Mercy Samita
Olive Sayo
Mercy Semika
Aurelien Vetil
Rebecca Wamalabe
Mary Wanjohi
Mary Wanjohi
Andrew Youn