Jane is a married woman with 8 children. Her oldest child is 24 and her youngest is just 12 years old. On top of the 8 children, Jane also cares for 3 dependents. Jane has been in the business of farming for the past 20 years. She has a large scale maize plantation and she also grows gnuts (gnuts are peanuts, and they are used to make a thick peanut sauce that is consumed throughout Uganda). Because Jane has a large scale operation her customers know she can always provide an ample supply of produce. This makes her a very competitive seller. Today, Jane is requesting a loan of 300,000 USH. This loan will be used to buy pesticides and quality grains. Jane hopes that her business will help her to get enough money that she can pay school fees for all of her children through university. She says that if this happens, all her family and business dreams will have come true.
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.