R. Juliet is the leader of Omungyenyi Tukwatanise group in Ntungamo. She is 46 years old and married with 6 children between the ages of 11 and 22. Juliet has a business of buying and selling cows; some of which, she gets milk and butter to sell. She has also been involved in buying and selling goats for 3 years. From her businesses, she makes 24,000 UGX per month from milk sales, and 300,000 UGX from selling cows monthly. Previously, Juliet was only selling milk from the few cows she had. But when she got the loan, she expanded. Juliet is hard-working and determined. Her dream is to be able to sell 20 cows at once. She needs a loan to be able to buy more cows for fattening and farm expansion.
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.