The group leader of this small group is Fatuma N.. She sells vegetable and is requesting a loan to expand. Fatuma is 38 years old and is married to a business man. She has 4 children ranging from age 8 to 14 and her children go to school. Each week, Fatuma makes approximately UGX 50000 in profits and with the increased profits from her loan, she hopes to be able to buy a piece of land. Fatuma has taken a loan from BRAC Uganda before to invest in her business and the loan was paid back on time. Fatuma is joined in her small group by Rashida N., Sarah N., Joyce N., and Mary Z.. Rashida N. has a business selling matooke and wants to purchase more mattoke for sale. Sarah N. is currently operating a canteen and wants a loan to buy a fridge. Joyce N. operates a salon and wants to buy a hair dryer. Mary Z. is currently in the business of chapati making and selling and is requesting a loan to buy more baking ingredients.
About BRAC Uganda
This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.
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.