N. Resty is the leader of her group in Lugazi. She is a hard working and devoted lady with a retail shop business that she has had for 5 years. She is a mother of 5 children who are all in school as she cares for 2 dependants. She opened up her shop using savings from agriculture and only joined her lending group to increase on the capital. Resty has a dream of expanding her shop to include more products that will bring in more income as well as buying a commercial plot in the middle of her trading centre. She currently needs a loan to help with restocking her retail shop with more goods for increased profitability.
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.