N. Rose is an honest and hardworking married lady who has a poultry farm and sells clothes in Mubende Town council. She is 38 years old and a mother of two children. One of her children is in University while the other is in Primary 7. She also cares for two dependants. She has been running both businesses for five years and, at the moment, with the help of loans to increase her capital, she is able to make 200,000 per month. The good customer care displayed to her clients has kept them with her and in future, she hopes to turn her shop into a wholesale dealer shop to have more sales and more profit. Rose needs a loan to buy more chicken feed and more clothes to sell.
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.