K. Annet is a member of Busuyi lending group in Jinja, Mayuge. She is a hardworking lady with a fish selling business where she buys fish from Busuyi landing site and sells from her home plus taking it to other markets for sale. She says that before the loans, she used to sell fish in very small quantities but now she has plenty to sell and as a result, her profits have increased. She is happy that now her children go to school with ease, there is food since she has the money and generally her family’s standard of living has greatly improved. Annet needs another loan to buy more fish for sale.
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.