Mariam is a hardworking woman with six children living in Fort Portal, Uganda. Her main business is selling fresh foods, alongside farming for additional income. Her vision is to educate her children to higher levels of education and to set up sustainable income-generating activities such as rental houses. Her business is affected by customers who delay payments and the high rate of perishability of her goods. Her dream is to buy a refrigerator and diversify her business to include cereals.
Mariam is requesting a loan to buy fresh foods such as cabbages, oranges and passion fruit to sell. She is a member of a group where each one guarantees the others in accessing a loan.
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.