N. Erina is a determined and friendly lady with three children ages 12, 7 & 4 years. She also helps to take care of other orphans. Erina has had a business selling charcoal from Namataba trading centre for 11 years and she is able to make 70,000/= as profit because she uses loans and has good customer care skills. In Namataba, almost everyone sells charcoal and one needs to be good and have good quality charcoal to be able to make enough sales. She has hopes of becoming a supplier of charcoal herself so that she could be able to earn at once and be able to build a residential house for her children. She needs a loan to be able to buy more sacks of charcoal so that she can have a steady supply and pay school fees on time.
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.