Sunday, May 13, 2012

Kiva Microfinance Loan # 2 - Millicent


After our first Kiva loan was successfully repaid on time, our group decided to re-loan the money to another worthy woman in agriculture.  We chose Millicent who is the facilitator of the Bongoline B group of the One Acre Fund in Western Kenya.

Millicent takes care of five children at home. She joined One Acre Fund in order to access fertilizer and hybrid seeds and ensure food security for her family. In the 2011 season, Millicent had a very good maize yield, harvesting 16 bags on 1 acre of land. Before joining One Acre Fund, Millicent was only able to harvest 8 bags of maize on 1 acre of land.

With this loan, One Acre Fund will purchase fertilizer, seeds, and other important inputs to distribute to Millicent and her 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, Millicent will educate her children and invest in livestock rearing.

In 2012, the members of Bongoline B group will each plant between ½ and 1 acre of maize.

We received an update from Kiva last week which told us that Millicent has successfully planted her maize crop on time, and all looks good for a profitable crop.  The loan is to be fully re-paid by December 2012.

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