She is a buoyant 40-year-old who ventured into business 14 years ago. It is with the influence of close friends that she began her rental and water selling businesses in Kinawataka-Kampala. At her age, N. Jane of Mbuya Women's Group is surprisingly single but she has four children from her previous marriage. Being single has, in many ways, played into her hands in that she has gotten enough time to build her business experience. In this course of time, she has given her business the quality time and devotion it needs. Since the inception of her business, she has managed to steadily sustain her finances. On a monthly basis, her financial gains amount to 300,000 shillings. She credits her suave business skills as one factor that has kept her above her competition. Notwithstanding her successes, she envisages an even brighter future for herself if she can get a loan to sustainably expand her business. Jane also operates a kiosk business. This aids in her profit consolidation. With this loan, she wants to build more rentals.
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.