Fatumah is a member of Bulaale Butawuka Balimi Group. She is a 50-year-old, single lady who deals in firewood trade in Bulo town. She lives in a four-room, dilapidated house, together with six of her ten children and four grandchildren. Four of them attend school and it’s Fatumah who meets their basic needs as well as their school fee requirements from her hard-earned savings.
She began her firewood trade business eight years ago to acquire money and to support her family, after separating from her husband. In addition to the firewood trade, Fatumah also began a milk trade and now she needs money to buy more milk containers to preserve milk better, so that she can take her diary business to another level. She thinks this will enable her to meet her future dream of acquiring a plot of land and developing it for her family.
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.