Jameo N., commonly known as ‘Hajat,’ is the chairperson of Mumuwa development group in Mpigi. She has been a poultry farmer ever since she joined her lending group and she is happy that she has been able to sustain herself and her business all this while.
Jameo also buys agricultural products such as avocadoes, yellow bananas, jackfruit, oranges, and mangoes from farmers in and around her village and takes them to Kampala for sale. This is a seasonal business and profitable since there is a ready market for all that she takes for sale. Jameo has booked more layers and broilers from a poultry farm hence she needs a loan to be able to pay up the balance and also buy start-up feed for the chickens. She is grateful for the loans because they have made her who she is today.
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.