Kyosiga Women's Group
As a farmer, Joyce grows beans, potatoes, and cassava and sells her crops to tenders, who supply this food to schools and usually pay her each week. At times when the season is not favorable for her, Joyce buys crops from fellow farmers and then supplies them to her customers. She has enough land for this farming and employs laborers to quicken the work. She is married with three grown children and she cares for 8 grandchildren at home.
Joyce needs a loan to buy dried beans for sale. She will share the loan with the 14 other members of her group.
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.
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Success!! The loan was 100% repaid