Fifty-eight-year-old K. Felicity has been plying her poultry business for 15 years now. She operates her business from Nazziba neighborhood, which is a stone's throw away from Kampala, the capital of Uganda. The happily married mother of five comes across as a happy-go-lucky and hospitable lady. By her own account, it was not easy taking root in this business. She had no savings, owing to the fact that she had no job before. She says she owed it to herself to work diligently with a set objective of carving out her own niche in the poultry market, which in recent years has become highly lucrative. Apart from raising chickens, Felicity also sells eggs. She says this business generates her profits to the tune of 100,000 shillings weekly. She says with this loan money she is going to purchase more poultry to resell.
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.