Ketty is a 45-year-old married woman, with six children. She lives in Kasese, Uganda.
She has been selling fish for ten years. She started with 80,000 shillings, and now she has 200,000 shillings as working capital. Her hardships are taxes, finding customers, price fluctuations, and inflation.
Her personal goals are educating her children and building a permanent home. Her business goals are buying land to grow crops and expanding her business into new markets.
Ketty wants a loan to pay school fees for her children. She is a member of the St Eva United group, where each member guarantees the others in accessing a loan.
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.