Jane works as a plantation farmer where she grows crops both for sale and home consumption. She also works as a poultry farmer and has raised chickens at her home in Kisoga for 20 years. She is able to generate 100,000/= in profits per week, which helps her run her home and save a little money.
Jane wants to expand her poultry farm so she can earn enough income to educate her children and enable them to get jobs in the future. She needs a loan to buy more chicken feed and fertilizer to help boost her farming businesses.
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.
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Success!! The loan was 100% repaid