Pamela has volunteered to be the Kiva group representative and is on the right of the photo with her hand raised. Farming inputs will be delivered to her and the 29 other 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 will be receiving an average loan of 5,349 shillings.
Pamela is married and has five children. She is 30 years old and is known as friendly, hardworking, reliable, trustworthy, and an experienced farmer. She is active in her community in groups such as the women's group, savings group, prayer group, and burial committee. Pamela has been a farmer for 13 years. Pamela described her harvest as good last year, but believes she can have an even better one this year by continuing to work with One Acre Fund.
The 2013 Long Rains season won’t be Pamela’s first season with One Acre Fund. She first joined One Acre Fund in 2011 and has continued working with One Acre Fund in order to get the best seed prices, new farming methods, fertilizer and hybrid seeds and to earn enough to feed her family and send her children to school.
As an active member in her community, Pamela also chose to be a group leader and Kiva representative because she likes being a leader and is an active community member who wants to help more farmers and spread the story about One Acre Fund farmers.
Pamela plans on using future profits from the harvest to send her children to school and save for the future. Her life has improved by working with One Acre Fund because she has more profits from harvest, more of farm training, more farm group support, and is able to save money and feed the family.
One Acre Fund focuses on working with small-holder farmers across Kenya. The organization pre-purchases seeds and fertilizer when prices are low and passes the cost savings onto the farmers. Pamela and the Mahanga 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.
The field officer is also included in the photo and is standing on the left of the photo.
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.
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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