Hardworking and determined N. Danata, a 50-year-old single mother of 8, has for the last 10 years been in a cattle and milk sales business in Buloba-Lugazi. N. began with a farming business. She also has a small pharmacy. In a month, her profits total up to 800,000 UGX. She is requesting this loan to revitalize her business with the purchase of milk containers. N.’s affiliation is with the Buloba Development Group-Lugazi.
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.