Cheerful Rose is the 50-year-old mother of three grown children and the wife to a commercial truck driver. Rose is a farmer. She grows cassava, matoke, beans and sweet potatoes and sells them at Kampala’s busting Nakasero market, two hours away by lorry, on Monday, Tuesday and Friday. Her customers, mainly loyal repeat buyers, are families, grocery shops and restaurants. She provides service to her customers with honesty and friendliness and good prices.
This is Rose’s fourth loan cycle. She uses the loans to buy produce from other farmers in her village, then she sells at Nakasero as a way to boost her income. Before becoming a Pearl member, Rose could only sell small quantities of produce she grew herself, and she had to depend on friends to sell it because she could not afford to travel to Kampala. Now she’s able to earn about 30,000 Ush a week. Traveling by lorry is difficult. It confines Rose to a fixed schedule and lorries are crowded, unsafe and uncomfortable. She wants to earn enough to afford a private lorry to give her greater capacity and flexibility and thus, earning power. Her personal goal is only to live a long and happy life.
Other members of her group have similar goals and needs.
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.