N. Annett, a married mother of 6 children, is the treasurer of the women's group of Kakawuka. She manages a poultry business as well as farming. Her farm consists of a banana plantation which she uses to make matoke, a local food staple, for sale and for consumption at home. She sometimes has difficulty managing her poultry business with high prices. She says being a friendly person has helped her to be successful in her business. She knows how to manage her finances because she is the treasurer of her lending group. She is grateful for the help of her husband who helps manage her loans. ( In the photo is Grace, the Coordinator)
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.