Anna I.’s business occupation for the last 10 years has been animal husbandry, principally rearing cows, goats and poultry. She operates in Namulesa, Jinja. She envisages a situation where her weekly profits of 180,000 shillings will be increased if she gets this loan. She plans on buying more goats, cows and poultry to resell. She also intends to pay for the construction costs of a poultry house she is planning on building. Anna, 50, a happily-married mother of four school-going children, says constant livestock and poultry diseases have often played havoc with her businesses. Anna was working as an accounts income tax clerk before she took root in this business. Over the course of time in the future, she is planning on purchasing a Friesian cow that she hopes will produce enough milk for her to sell and get much more profit.
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.