Cate B. is a group leader. She is a 60-year-old lady and a widow with four children between 28 and 35 years old. She is a strong and hard-working lady who has managed to provide an education for her children – even the least educated is a Diploma holder. She also takes care of three grandchildren. She has been a businesswoman involved in the sale of matooke (green bananas) from Mukono for 10 years now and she is able to make 35,000 UGX in weekly profits. She hopes to open up other branches that could earn more income to help pay for her grandchildren’s school fees and furnish her home. Cate needs a loan to help purchase matooke in order to expand her business and increase profitability.
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.