Mary I. is the leader of Mugoma Feed the Family, group C, in Kyenjojo. She is 45 years old and married, with 4 children, 2 of whom are in school. Mary has a produce business where she deals in maize, beans and ground nuts. She works with her 30 year-old son. She has a grocery store in Mugoma and she has been in business for 20 years. She is able to make 140,000/= as monthly profits, in addition to the fresh foods that she also sells. She started her business by growing maize on her father’s farm and she is happy that now she has her own land. Her dream is to be able to educate all her remaining children to University, as well as open up another retail shop for business 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.