Julian K. is a 45 year old business woman who believes with hard work anyone can excel, principally women. For the last 5 years she has summoned up lots of diligence in her drive to take root in an increasingly competitive business sector-food sells. Julian has a grocery store in Mangira-Mukono. She says her late husband was influential in getting her started in this business. She was formerly relying on only her teaching job remuneration. Julian also does some small scale vegetable growing. She says weekly this business generates her shillings 50,000. Julian is happily married though she has no kids. With this loan she says she is going to purchase more foodstuffs and soft beverages to resell at her grocery store. Mukama Ayambe Development Group is her group.
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.