Yayeli K. is the leader of her loan group in Lugazi. She is divorced from her husband, with five children all still in school as she takes care of her other siblings. She is a business lady dealing in the sale of agricultural produce, although sometimes she is faced with the scarcity of the produce to sell due to the ever changing seasons. She says that she has found great value in her loans because they have enabled her to have enough stock as well as having quality produce to sell. She hopes to become a wholesaler in future so that she can supply to fellow traders as well as build a house for her children for comfort. Yayeli needs a loan to be able to buy more matooke, cassava, sweet potatoes, and greens 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.