K. Gladys, in a small photo at the top left, also appears in the big photo and she is the leader of her lending group in Ibanda. She is 40 years old and married with nine children. She takes care of four dependants also in school. Gladys is so welcoming. She has been involved in the business of selling produce at Bwagonga Trading Centre for 15 years and the experience she has enables her to make 300,000/= profits every month. She hopes to develop her business further so that she can sell a variety of products ranging from bananas, Irish potatoes and cassava. She hopes as well as to educate her children since this keeps her going. She needs a loan to be able to buy more matooke and other produce for resale.
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.