Juliet is a married woman aged 46. She has six children whom she has been able to educate with the support of income she gets from her business. She joined the group through the group chairperson who had successfully ran his business since 1999 with the help of the UGAFODE loans. She was encouraged and also enrolled for the same and has since been grateful. She is a very hard working woman who earns UGX 250,000 or more daily. She sells and buys onions and through this business, she saved and accumulated income to buy a plot of land in the village. She will use the Ugafode loan for business development (buying more onions) and to educate her children. Her main challenge is the bad debtors but otherwise she appreciates the services she has gained from Ugafode Micro Finance Limited and believes the new partnership with Kiva will create a lasting impact.
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.