If you met Eva on the street, you might mistake her for a diplomat. She is wise, professional, charming, and welcoming. She’s actually a farmer in the beautiful agricultural village of Kasanje, on the hills overlooking Lake Victoria. She raises goats, pigs, and hens and grows ginger. She’s also the Payments Controller in the Gwali Mutala Group, responsible to collecting and accounting for member loan repayments.
Eva is a 53-year-old single mother of 6 children, aged 19 to 33, and the foster parent of 2 grandchildren. This is Eva’s 23rd loan. She depends upon loans to sustain her business, which provides the family’s only income. She will use the proceeds of this loan to pay labor wages and rent on a plot of land she rents for ginger cultivation.
She tries to save money when possible with the hope of building a more presentable home and buying her own plot. She also dreams of having her own commercial vehicle so she can deliver her produce to the markets in Entebbe and Kampala. She currently sells her products from her home and is unable to command the best price.
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.