Makindye Development Group
Seguya began her business under the financial auspices of her brother and she currently generates a monthly profit of 700,000 UGX. She is requesting a loan to purchase more bales of used clothing to sell. This is a group loan, and one of the clients, named Aisha, is partly obscured in this photo and another client, named Moses, is not pictured. Seguya, who is the lead client of this group, is in the front row wearing a red t-shirt.
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.
145View loans »
Success!! The loan was 100% repaid