The Credit Scheme has to-date loaned 386 Beneficiaries a total of KSh 3,923,261. Of these beneficiaries, 288 are individuals, while, 98 are groups. The individuals have received a total of KSh 2,617,275 while the groups have received a total of KSh 1,305,986. The amount repaid back totals to KSh 487,156. Table 7 indicates the overall status of loans to beneficiaries from Phases I - III. Figure 8 indicates the loans disbursed and repaid by the beneficiaries during Phases I - III.
PHASES I TO III - OVERALL STATUS OF LOANS BY DISTRICT.
| DISTRICT | NO. OF INDIV. | AMOUNT DISB. | AMOUNT REPAID | NO. OF GROUP | AMOUNT DISB. | AMOUNT REPAID | TOTAL OF BENEFICI | TOTAL DISB. | TOTAL REPAID |
|---|---|---|---|---|---|---|---|---|---|
| Bungoma | 30 | 303 696 | 33 475 | 11 | 134 478 | 17 091 | 41 | 438 174 | 50 566 |
| Busia | 28 | 294 493 | 35 225 | 11 | 123 083 | 7 260 | 39 | 417 576 | 42 485 |
| Homa Bay | 23 | 206 625 | 25 148 | 15 | 199 698 | 9 261 | 38 | 406 323 | 34 409 |
| Kakamega | 41 | 427 980 | 48 950 | 7 | 93 598 | 4 550 | 48 | 521 578 | 53 500 |
| Kericho | 2 | 17 291 | 8 000 | 0 | 0 | 0 | 2 | 17 291 | 8 000 |
| Kisii | 29 | 205 314 | 28 876 | 16 | 161 825 | 13 123 | 45 | 367 139 | 41 999 |
| Kisumu | 6 | 50 643 | 8 229 | 8 | 208 434 | 15 556 | 14 | 259 077 | 23 785 |
| Kuria | 7 | 45 218 | 2 963 | 0 | 0 | 0 | 7 | 45 218 | 2 963 |
| Migori | 52 | 512 949 | 90 462 | 10 | 102 755 | 11 592 | 62 | 615 704 | 102 054 |
| Mt Elgon | 2 | 15 477 | 0 | 1 | 9 372 | 0 | 3 | 24 849 | 0 |
| Nandi | 10 | 52 816 | 24 380 | 0 | 0 | 0 | 10 | 52 816 | 24 380 |
| Nyamira | 16 | 148 194 | 29 070 | 13 | 159 140 | 12 550 | 29 | 307 334 | 41 620 |
| Siaya | 20 | 126 647 | 4 448 | 6 | 113 603 | 18 414 | 26 | 240 250 | 22 862 |
| Vihiga | 22 | 209 932 | 38 533 | 0 | 0 | 0 | 22 | 209 932 | 38 533 |
| TOTAL | 288 | 2 617 275 | 377 759 | 98 | 1 305 986 | 109 397 | 386 | 3 923 261 | 487 156 |
Note - Amounts in KSh. (1 US $ = KSh 50)
PHASES I - III - LOANS TO BENEFICIARIES
Amounts Disbursed and Repaid
One one hand by looking at the loan repayments, it can be seen that the scheme did not repay itself. On the other hand however, the scheme seems to have performed better than other schemes like the Rainfed Rice Scheme from whom the initial guidelines were borrowed.
Although the loan repayment rate has been low, a number of farmers have reported that their fish farms have assisted them to pay expenses like school fees at times when no funds are readily available from their other sources of income.
The introduction of composed feed, and an improved strain of tilapia which has a faster growth rate has also contributed to increased revenue for the fish farmers. The credit scheme by creating more viable fish farms in the rural areas has also made available to the rural communities a cheaper and alternative source of protein.
The introduction of loans in kind by the credit scheme has created a more viable enterprise by reducing the debt burden of the beneficiary. The practise of giving loans in kind has been significantly more beneficial as the loans are now properly utilized for the production of fish which contributes to the economic welfare of the region.
The Credit Scheme created an impact of awareness on the benefits of fish farming in non- traditional fish eating districts, especially Nandi and Kericho Districts.
The technonlogical development made by the project by developing improved strains of Tilapia and Clarias fingerlings, the introduction of high quality composed fish feed, and the training given to the farmers and the credit scheme have all contributed significantly to establishing and ensuring that fish farming as an industry can be sustainable both now and in the future.
