Jessica K., 43, is the leader of Konoweka group in Lugazi. Jessica is married with 5 children from ages 20 to 26. She also cares for 5 dependents who all attend school. Jessica sells produce and has also been a farmer for 3 years. Her business is being affected by escalating produce costs, poor quality seeds, the seasonal market and so on and she is happy that she has managed to get through all of this with the help of loans. Her business is located in Ngogwe in Buikwe and she is able to make weekly profits of 60,000 Ugandan shillings (or about $30 US) due to her experience, good management skills, quality produce and trusted customers. She hopes to one day open up a produce shop and have an educated family. She is a hardworking and determined lady and has a drive to succeed.
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.