M. Joweria is 40 years old, married, and the mother of four children aged 2 - 17. She also takes care of her parents. Joweria has been selling produce for nine years, which enables her to make a weekly profit of 120,000 UGX even though the business is affected by low capital and price fluctuations. She is grateful that the loans help her so much in her business and in its market location. Joweria hopes for further expansion of her business in order to educate her children, build a good house for her family and own a business car to help with the transportation of goods in the future. She is such a friendly and hard working lady and needs a loan to help with buying more produce 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.