39 year old B. Harriet pleads a cause with Abesiga Mukama Development group-Mukono. Self interest and a belief in her own worth is what pushed her on the road to owning and running her current fruits and vegetable sells business in Namuyenje-Mukono. The business which has on many occasions called for hard work, time, devotion and constant planning has been in existence for the past 6 years. The fruits and vegetables she sells are particularly in high favor with many students and kids around her operating area. B. who is happily married with two kids says savings from her teaching job were very helpful in getting her business off its feet. Weekly this business generates her shillings 80,000. With this loan, Harriet says she is going to buy more vegetables, jack fruits, oranges and passion fruits to resell.
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.