This group is found in one of the suburbs on the outskirts of the city. Justine, one of the members, sells foodstuffs for daily household use like the popular plantain, cassava, potatoes, tomatoes, and eggplants among other foods. When she began the business in 2000, she had only 20,000 UGX but through her small profits, she has managed to grow the business to a reasonable amount of capital. With the loan, she will be able to buy her own kiosk so that she is able to stock many things and save the money she is currently paying on rent. She plans to buy a piece of land on which she will build a plot of land in the future. Despite the challenges, Justine is hard working and committed to see her dream of building her own shop come true.The eighth person in front on the extreme right is the UGAFODE Credit officer in charge of the 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.