N. Agnes is the leader of Nabikakala women’s group in Mubende. She is 34 years old and married with five children.
Two years ago, she opened a boutique that sells clothes and shoes from Kyamukoona. Agnes has been blessed with customers, most of whom shop there again after realizing the quality of her goods. She is also a farmer and she sells produce from her farm. It was due to the ready market in the area that she opted for this business.
She is able to make 70,000 Ugandan shillings in weekly profits, which is very helpful in re-investing in her business. She is requesting a loan to be able to purchase more clothes 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.