Annet M. is the leader of Nkokonjeru Model Two in Lugazi. She is 43 years old, and married with 4 children who are all in school. Annet has a retail shop business where she sells spare parts for generators, saw milling machines, boda bodas, and so much more. The loans have been so helpful in recapitalizing this shop and the profits have helped Annet in opening up another business in poultry. Here, Annet keeps layers for eggs and this helps her to bring in a daily income from the sale of eggs alone. She has a hope that in future, she will be able to sell the layers and buy others to replace the current ones.
She has spent 8 years in the shop business and 2 years with poultry, and her family and business life is far better off as a result of the loans. Annet needs a loan for both businesses, to buy more spare parts and feed for the layers.
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.