Rwentobo Women's Group
Most of the members in the group live on farms and the tranquility and beauty of these mud and twig villages is enough to make you want to move there. Although poor financially, these villagers are not lacking in food and their shelter is quite adequate for the climate. There are no jobs, so people either establish a business, or just live off the land. Poverty is relative and these villagers are gentle and rich in spirit. They have time for family and community, which is important because there are a very large number of orphans due to AIDS throughout Uganda and orphanages abound.
Constance has operated a hair salon for 3 years and been a part of her lending group for 5 years. She is 30 years old, single and has one child. With her portion of the group loan (about $375) she will buy shampoos, chemicals and other items for her business.
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.
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Success!! The loan was 100% repaid