B. Nowerinah is a hard working and friendly lady and the leader of her lending group in Lugazi. She is a business lady with a retail shop in Senyi that she has been running for 8 years. Although there is a lot of competition, she is able to make a good weekly profit. Nowerinah is a married lady with 7 children ranging between the ages of 8 to 24 years; she also takes care of orphans. She is grateful for her loans that enable her to have quality products on her shelves and, therefore, more customers. She has a dream of becoming a wholesaler as well as educating her children to the highest level of learning. Nowerinah needs a loan to help restock her shop with more goods, since this allows for a steady supply of products. She hopes to be able to use the funds towards the payment of her children’s school fees.
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.