B. Barbara is the leader of her lending group in Kayunga. She is a hard working and determined lady with a bar business that she has been running for over 10 years in the same location. She started so small with the limited capital that she secured from her husband and friend until she joined her lending group years back to secure loans and these have helped her so much in boosting her business. her bar operates mostly in the evenings when most of her customers are done with their day’s chores until the wee hours of the night. She admits that some of her customers are unruly after consuming a few bottles but due to the experience she has in the business, she knows what to do when such a scenario occurs. Barbara works so hard to ensure that her children can access the best of education to the last level by paying their school fees with much ease. She needs a loan to help recapitalize her business by stocking more crates of sodas, beers and wines since buying in bulk reduces the costs.
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.