Cate N. is the leader of Kayunga market group 1. She is a hard-working and devoted lady who has had a business selling fresh foods and vegetables in the market area since 1996, when her husband died. Her produce includes tomatoes, onions, cabbages, Irish potatoes, carrots, and vegetables. She is happy that she has been able to make a profit from her business. She uses the profits to pay school fees for her two children, one of whom is still at the university. Cate also helps to care for two orphans, who are also in school.
She has also been able to buy a Fresian cow that she hopes will give her milk for sale. She needs this loan to help buy maize brand for the cow and fresh produce for sale at her stall.
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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Success!! The loan was 100% repaid