Hawa, 35, is the happily married mother of six. She has more than 20 years experience in running her food sales business at a stall in Kayunga Market. She cites diligence, determination, and persistence as factors that have been pivotal in her day-to-day operations. The fact that she also owns a farm comes in really handy in that she is able to sell foods from it in the event of shortages. Her business is quite lucrative given the fact that people purchase food every day. There are, however, some seasons when food prices rise and crop sales fall. This means a plummeting in profits. Hawa principally sells fresh fruits and vegetables. She however also sells foods she grows on her farm like bananas, cassava, maize and beans. Weekly, her sales profits total shillings 180,000 and she says with this Kiva loan, she is going to purchase more fresh fruit like pineapples, pawpaws, mangoes, oranges and jack fruit to sell.
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.