B. Emmy is the leader of Rwenyerere Bakyara Tukwatanise A, Kihihi. He is 43 years old and married with 7 children, all of them in school. Emmy is a carpenter from Rwenyerere Cell and he works from his carpentry workshop. He is able to make 100,000 Ugandan shillings as weekly profits from this business that he started 10 years ago. He also sells produce from his plantations like bananas and maize. He is grateful that he was able to start his carpentry business using proceeds from his produce-selling business. He is very cooperative and hard-working and he hopes for his family to develop and his business to expand. He says with this loan he is going to buy more timber to make furniture at his carpentry workshop.
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.