Macrene, age 54, is the chairperson of Gwali Mutala Women’s Group in Kasanje. She is a farmer growing sweet potatoes and cassava on her family land; and at the same time she buys produce from other farmers, including bananas, Irish potatoes, tomatoes, and green pepper, which she takes to Kibuye farmers’ market every Wednesday for sale. She has been doing this with the help of her husband, who is also a farmer, for the past 20 years; and so far she is not regretting the path she took, especially with the loans she has been getting together with her members for 8 years now. Her dream is to buy a motorcycle to help her with the transportation of her produce from the villages, where she buys most of the produce. She is married with 8 children, the eldest being 35 years old and the youngest being 19. She also helps to look after 4 grandchildren who are still in school.
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.
A portion of Gwali Mutala Women's Group's $4,075 loan helped a member macrene intends to use the loan to buy more green bananas, Irish potatoes, tomatoes, onions, and green pepper so as to expand her business.