Operating a grocery and produce store has really improved T. Adrine's living conditions. In the past, T. Adrine, now 34, was involved in the farming business. Eighteen years ago, she changed her business into a food enterprise of products such as beans, millet flour, peas, and maize. She has been running this business from Rukungiri's central market, where she earns 280,000 Ugandan shillings on a monthly basis.
As a married mother of 5 children, Adrine has been hardworking, knowing her responsibilities are cut out for her. She has been able to satisfy her family's requirements, including school fees for her children and other necessities, with help from her husband. Her drawback is having only a small stock of goods in her business. The loan she is requesting will enable her to expand the business through buying more goods and thus increasing her capacity to supply a ready market of customers. This will enable her to earn more sales revenue and live a more sustainable life as she looks at business expansion and building up a store.
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.