N. Speranza has been our client for the last 4 years and she is the chairperson of Mukisa Group, which will share in this loan. She is married with 4 children and cares for 3 brothers and 3 sisters. She operates a canteen at Tiger Army School, Mubende with students as her customers. She has serviced loans of $250 and her current loan is $150. She has benefited by building her own house. She also has a piggery business and rears local chicken. She plans to increase the number of pigs and expand her canteen to be able to build her parents a house, continue paying school fees for her children as well as cater for her dependents. With her leadership skills and commitment, she can achieve her goal.
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.