M. Grace is the leader of Nkokonjeru Model One in Lugazi. She is 40 years old and married with 6 children, ages 4 to 23 and all attending school. Grace has a poultry farm business where she keeps chicken both for meat and for egg. Her market is in Nkokonjeru and Lugazi. She has spent 8 years in the same business and as a result, she has been able to own an organized home. She also has cows that she milks to pay fees for her children. Very soon the eldest child will school. Grace needs a loan to be able to buy more feed in bulk for her chickens since buying in small quantities is costly due to transport fees.
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.