S. Mastula is the leader of her lending group in Jinja. She is 37 years old and married with 5 children aged between 16 – 5 years all in secondary school as she takes care of 1 orphan. She is a business lady with a produce buying business that she sells out to her customers for 11 years now. Although her business is doing well, it is mostly affected with the varying seasons hence enabling her to make 400,000/= as profits a month. Her husband is a farmer and they work hand in hand to ensure that the family needs are met. She wants to turn into a regional produce buyer being able to transport all her produce to the bigger markets in Nakawa and Owino markets. Mastula needs a loan to be able to buy more produce for business expansion.
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.