Grandensio N. is one of the executive members of Nazziba Central group in Kampala. She is a mother to two grown up children and she also helps to take care of five dependants including paying their school fees, health care, food, clothing and so much more. N. sells fresh bananas (matooke) and charcoal from a stall that she owns in Seguku, just in front of her commercial house. She has seen her businesses grow over the years and she is grateful that she has been able to cater for her family, plus buy houses to rent out with the help of loans. Grandensio needs a loan to help buy more matooke and buy a truck of charcoal bags that she will buy from the village where the purchase price is a bit lower. Irene, their credit officer, is also in the photo.
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.