M. Annet, 31, is the leader of Atakola lending group in Jinja. She is married with 4 children and she cares for 1 niece. Annet has a retail shop that she has owned for 4 years while she has been a member of her group for 2 years. She is quick to say that life is different since she started getting loans because now she has a lot to sell and therefore more profits. She is grateful that now she is even able to save for her future plans as regards her children. Annet sells sugar, salt, cooking oil, detergents and many other things and she would like a loan to buy more goods for her shop.
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.