Tafuta Oaf Group
Ronald takes care of six children at home. He joined One Acre Fund in order to grow enough to ensure food security for his family. In the recent 2011 season, Ronald had an excellent maize yield harvesting fourteen bags on one acre of land. Before joining One Acre Fund, Ronald was only able to harvest six bags of maize on one acre of land.
With this loan, One Acre Fund will purchase fertilizer, seeds, and other important inputs to distribute to Ronald 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, Ronald will educate his children, ensure food security and invest in livestock rearing.
In 2012, the members of Tafuta OAF Group will each plant between half and one acre of maize.
In the photograph, Ronald is pictured with his group members, and his field officer on the far left.
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.
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.
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