Silver, 47, on left, has been in the agricultural business for the past three years in Kihihi. The happily married father of six grows and sells tea leaves. This business was one he started due to the high demand for tea leaves in Western Uganda. Silver, like many other people in the west of Uganda, grew up in a family with a farming legacy. It was only natural that, with time, he would start bearing a hand in this business. Silver also has a banana plantation where he harvests bananas to sell. This has helped him increase his income. He says his business earnings are Uganda shillings 100,000 a week and, with this loan, he will purchase fertilizer for use in his farming gardens.
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.