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Featured Microentrepreneur
Julienne, Microcredit Client of One Acre Fund
Julienne is in their second season with One Acre Fund. She took a loan of 9,500 Rwandan Francs (about $16) to farm 13 Ares of land (about a third of an acre). They only own 8 Ares, and rent 5 additional Ares to increase their bean farm.
The methodology has made a huge difference to the household, where in the past the family was lucky to end up with one bag of corn and beans. The last season the family harvested five bags of beans and corn.
In the past, the family didn’t even harvest enough for their own food needs, but under the One Acre Fund program they are not only able to feed themselves but also sell 3 of the 5 harvested bags in the market place to pay for school fees, school materials and pay laborers to work the farm.
Julienne credits the difference to the ability to access fertilizer and the training…
Learn more about Julienne, Microcredit Client of One Acre Fund
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Whole Planet Financial Snapshot
| As of May | 2013 |
|---|---|
| # of Countries | 57 |
| Microcredit clients | 282,404 |
| Female clients | 89% |
| Estimated people supported | 1,660,000 |
| Average first loan size in the developing world | $172 |
| Repayment rate | 96% |
| Funds Committed | $37,128,394 |
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Jun. 17, 2013
