M. Flarina is the leader of Jubilee bakyara twimukye group in Ibanda. She is 35 years old and married with three children. Flarina has had a business dealing in goats for ten years; she buys and sells goats with the help of her husband. She is able to save 300,000/= monthly. She is also involved in the sale of produce and owns rentals. She needs a loan to be able to purchase more goats. She is very hard working and her dream is to see all her children attain the best education.
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.