Edith N. is 30 years old and happily married with four children. She is affiliated with the Akutwala Ekiro Nakawuka-Mpigi Group. For the past three years, Edith has been operating a business selling fresh food in Nakawuka. She started small, but her future prospects are looking brighter because her clientele is increasing. Edith has mostly been selling cassava, maize, beans, cabbage and other varieties of food staples that are common among people in her area. She was able to start her business with savings from an earlier job working in a local craft shop. Her food business requires hard work, determination, and constant planning. Edith’s weekly profits are approximately 150,000 UGX. With this loan, Edith will buy more food to sell.
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.