Prossy A. is the leader of her lending group in Ibanda. She is 31 years old and married with 3 children, who are all in primary and secondary schools. She also takes care of 1 dependant. Prossy has a hotel and retail shop business in Akatongore Migina, both businesses that she has owned for 8 years. She is able to make 100,000UGX as profit per week and this is mostly attributed to the good customer care and the help of loans. Prossy has a dream of getting a good house and big land for her family, as well as educating her children. She needs a loan to help add more stock and value to her business for growth and development. Prossy is such a hard working lady with a strong 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.