Proscovia is a thirty-five-year-old married woman with four children living in Kasese, Uganda. She has been selling salt for fourteen years. She also mines salt by herself and has salt pans on the lake. Her major challenge is the corrosive nature of the product leading to a high rate of wear and tear on the equipment, and that is why she prefers to buy from other salt miners. Proscovia intends to use the loan to buy salt to sell.
Like most responsible mothers she has dreams of educating her children up to the University and adding value to her business by processing the salt. She is a member of the group pictured above, 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.