K. Hamida is the leader of her lending group in Kampala. She is the lady at the top left and in the front of the group photo. She is a widow with nine children. One of her children is still in school and is joining the University soon. She also takes care of three dependants. Hamida has had a retail business for two years where she sells home supplies and paraffin from Nakwero B, Gayaza town council. She is able to make 35,000/= weekly profit. Her desire is to have a variety of goods for sale, hence the expansion of her shop. She is very hard working and as a result, she has been able to offer the best gift to her children and that is education. Hamida needs a loan to be able to buy more paraffin and other general merchandise for resale.
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.