Birizitta, aged 67, is a widow and the oldest member of the group. She has six children and 3 dependants. She was encouraged to join the group after failing to raise the tuition fees for her two children in secondary school, who did not get their report cards because of the incomplete payment.She will use her income from plantain sales to pay back this loan. She is grateful that Ugafode has provided a solution for her most urgent need when no one else was willing to help her. Her major challenge is having limited capital in her plantain business. She also has many dependants, who end up encroaching on all her capital, yet she has no husband to give her a hand. She is hard working and persevering. Birizita is the third on the right with a yellow t-shirt while the sixth person in the photo, who is the first from the right in a tie is the UGAFODE credit officer.
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.