M. Naume is a very determined lady with a dream to achieve more in life. She is thirty-six years old and married with three children, aged six, ten and seventeen. All are in school with only the eldest in secondary school, while the others are in the primary section. Naume also helps to care for an orphan with responsibility for the child’s general upkeep. She has a grocery business which she started in 1998. From that time until 2002 she was sharing the stall premises with a friend, until she became independent. Some of the goods she sells at her stall are green bananas used for making local dishes, tomatoes, greens and other fresh produce. Although Naume is succeeding with her business, she is usually faced with a few challenges: she has to search for good produce from village to village; she needs to be aware of the variation in demand for her produce; she has to shop at night for produce because it has to be displayed in her stall very early for her customers. Naume is grateful that her stall is strategically positioned in Bushenyi main market because as a result, she is able to generate a weekly profit of $56. Her success also comes from the fact that she sells good quality produce. The loans have helped her always to have enough stock for her customers and still supply good quality. Naume needs a loan to help with introducing the sale of chicken and millet to her current business.
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.