Lubajja Traders (A) Group
Betty works alone rearing cattle, pigs, and poultry. In her cattle business, she has two dairy cows and six cows that she is raising to sell for meat. Her two dairy cows produce 10 liters of milk per day, which she sells at 200 USH per liter to the community around her.
In addition to these cows, she currently has five pigs, two males which she will soon sell for meat and three females that she will keep to continue to grow the business.
In her poultry business, she has three layers (chickens that are kept for laying eggs) and four broilers (chickens that are consumed for food). In addition to this work, which she does on her own, she is working to expand her farm. She has created a work schedule for herself where she does agriculture in the morning and her other work (except her morning milking) in the afternoons. She is employing someone now to help with her agricultural work.
Now Betty is asking for a loan of 300,000 USH. She needs to purchase some chemicals to improve her farm. Betty hopes one day to move from her father’s place, where she and her children live now. She would like to build a very large house where she and all her children can live.
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.
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