Clement B., 49, is the chairperson of Balyelesa Development group in Mukono. She is married with 7 children as well as caring for 6 other relatives. She has three businesses: growing maize and beans both for sale and home consumption, making yoghurt and selling milk for over 10 years.
She is not regretting joining her group. She has achieved more than she had ever imagined using loans and she is so grateful. Her children have gone to school, she is able to put food on her family table, treat her children in case of illnesses as well as save and repay her loans. She is developing a more loyal customer base with her quality yoghurt and now needs a loan to help buy more labels for her packaging.
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.