N. Faridah is the leader of her lending group in Mukono. She is a married lady with 5 children all school going and has a business of selling produce from a stall in Mukono as well as moving with produce to the various markets on a truck. She gets her produce from the villages where the prices are a bit favorable and loads on a truck together with her fellow farmers to her destination. She is now experienced in the job after 8 years of operation and she hopes that with a loan, she will be able to recapitalize her business to have more of different produce to sell. She will need to buy matooke, cassava, sweet potatoes and many others once given a loan for resale.
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.