N. Jane is the leader of Akuwa Olukaba group in Jinja. She has a business of a retail shop that she has owned for 10 years. In the shop, Jane sells sugar, salt, oils, Vaseline, groundnuts, rice etc and she is happy that her shop has expended ever since she started getting loans. She is a mother of 7 children of which 4 are in school and she works hard to ensure that their school fees is paid on time. Jane needs a new loan that will help her restock her shop with more quantities of the goods she sells in the shop. Jane is also a farmer and the food she grows helps her save on the money she would have used on purchasing the same food that she grows now. She is surely grateful for the loans they get.
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.