N. Milly is the leader of her group in Lugazi. She is a widow with six children between the ages of 20 and 32. She takes care of orphans and mostly grandchildren. Milly has been a fishmonger from Buvuma for 15 years. She says that her business is affected by the scarcity of fish and a lot of competition although she survives with the profits she makes. She is grateful for her loans because she has been able to pay her children’s school fees. She would like to become a wholesale supplier of fish to companies and also she would like to build a house for her family. Milly needs a loan to be able to buy more fish to sell to her customers. These days, fish are scarce yet the market is big.
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.