It is now 11 years since B. Jeninah started up her farming projects and specialized in selling bananas in Kihihi, western Uganda. With this as her only source of livelihood, she has painstakingly managed to make ends meet despite seasonal income fluctuations and poor road systems to access bigger markets. With a hard work ethic and ready market, the 49-year-old married and happy-go-lucky mother of 5 children has kept her business on a path of consolidated growth. She earns 360,000 UGX monthly. Her business has gained ground over the years, benefiting her family. Her business plan for the future is to sell more bananas to an increasingly expanding market. She will use this loan to purchase manure for her plantation for better production.
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.