N. Rosette is the leader of her lending group in Mukono. She is a friendly and hard working lady with a grocery business that she has owned for six years. Her main business challenge is selling perishables like tomatoes and yellow bananas but apart from that, she is good. She has good customer care skills that enable her to sell all her stock. Her cleanliness also helps her plus selling quality products. She works hard to saves to ensure that she can own her stall and stop renting. She also wants to ensure that she continues with her children’s education up to the University level. Rosette is married with two children and she takes care of three dependants. She needs a loan to help buy more tomatoes, onions, cabbages, green pepper and so on for her grocery 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.