Toli J's Group
Toli J is 40 years old and has been a farmer for 20 years. Toli J works as a farmer to provide for his 4 children. The community and other farmers know Toli J as trustworthy. Other than farming, he is also involved in his community's activities such as the prayer group. Toli J described his harvest last year as good, but hopes he can have an even better one with the support of One Acre Fund and the other farmers in his group.
Toli J joined One Acre Fund in 2012 and is now enrolling in the Long Rains 2014 season as a group leader. Toli J joined One Acre Fund so that he could earn enough to feed his family. Because he wants to help more farmers, Toli J has gotten more involved with One Acre Fund as a group leader and Kiva representative. Working with One Acre Fund has improved Toli J's life because he has more profits from his harvest. In the future, Toli J hopes that his profits from 2014 can be used to buy a cow.
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 on to the farmers. Toli J 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.
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
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