Jane N. is 45 years old and the single mother of 5 children. She belongs to the Bisoboka Women’s Group in Lugazi. For the last 15 years, she has been running a drug store/pharmacy business in the up-and-coming active trading center of Kizigo. Jane went through apprentice training as a nurse before deciding to start her business. In the beginning, she went door-to-door selling medications in her neighborhood. Jane describes herself as a hard worker with a purpose who makes monthly profits of up to 60,000 shillings. She is requesting a loan to purchase more drugs for her pharmacy.
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.