Joyce N., a widow, is one of the executive members of Kewerimidde group, working as the payments’ controller. She is a strong, hard-working lady, managing all manly duties like fishing using her late husband’s 3 boats and it is a paying job except that these days the fish are not easy to come by.
Joyce is also a farmer with various food plantations for both home consumption and for sale; she also has 3 Fresian cows at home for milk and she has a ready market for that milk with her daughter, in S.6 vacation, managing the sales. Joyce's husband's passing left her to provide for 10 kids, and one of her greatest achievements is being able to educate her children with no one below the level of S.6. Joyce needs a loan to help with buying fishing nets and employing labor on her farm for fast and high quality yields.
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.