Florence N. is the leader of the Gema Misere loan group in Mityana. She is a farmer who grows matooke, beans, maize and cassava on plantations that she has owned for a very long time. Once the produce is ready for sale, she sells from her home as well as taking it to the market to sell at a favorable price.
As a result of getting loans for three years now, she has been able to include the keeping of cows and goats at her home with the savings from her previous cycles, as well as develop her home by buying furniture for her home. Her children are in school and generally the standard of living is great! Florence needs a loan to be able to buy produce from other farmers so as to supply her regular customers plus the many extra due to the festival season. She hopes the the profits will help her with school fees come next year.
Other group members have very similar aspirations.
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.