Agriculture is the major farming activity in Uganda and mostly in the western part of the country with various activities like farming, cattle keeping, poultry and so on. Since Muwamin is a part of the community, she is involved in farming activities, a business she took up several years ago. As a result, she is now able to sell beans, coffee, maize and so on from her farm as well as buying from other farmers for enough stock to sell. She operates from Nyakagezi, selling to residents of the town council and as a result, she is able to make 50,000 shillings as her weekly income. She is a very honest and hard-working lady and she needs a loan to be able to buy more coffee for resale. She is a first-time borrower from Pearl Micro finance and she hopes for the best.
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.