R. Jovlet is a 27 year old female and married with 2 children aged 8 years and 6 months. She helps to take care of 3 orphans plus paying their school fees and general upkeep. She has a supermarket business of 6 years in Nyakabirizi that she started as a retail shop and her main challenge is the credit management of her clients. Although her business is in a rural area, Jovlet is able to make 70,000/= as profits a week and these contribute to the well being of her family. She has a dream of opening up another outlet as a wholesale shop so that she can have double income. Jovlet strongly believes that she will be able to educate all her children to the University by being able to pay their school dues. She needs a loan to be able to increase stock in her supermarket so as to supply to her customers’ needs and wants better.
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.