A self-motivated Enid M. of Mitooma Tumanyane group, Bushenyi, aged 40, is a married mother of 6 aged between 20 and 8 years. She has been operating a retail shop business selling general products for home use from Mitooma town council, Bushenyi. She started this business 21 years ago after realizing the ready market in the area and at the end of every month she is able to pocket profits to the tune of 800,000 Ugandan shillings.
Her main drawback has been having small stock in the business that cannot match the purchasing rate of the customers. She is therefore seeking a loan that she figures will help her stock more goods that will satisfy the customers’ high demand and also transform her enterprise into a big enterprise.
Being very committed to the business with good customer care, she hopes to increase her sales revenue. This will bring about a transformation in her business as she hopes to build a family house and enable her to achieve a self-sustaining life, and cater for her children’s education expenses.
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.