Christine is happily married and has 4 children. Self-interest was a driving force in establishing this modest hotel business in Lubugumu-Mukono. It has been in existence for 2 years now. She mostly sells local foods and all kinds of beverages. With weekly profits of 40,000 shillings, 43 year-old N. Christine, who belongs to Agali Awamu Development group, has supported herself and her family in various ways. To begin this business she had to bank on profits from a stone and sand quarry business, which she says was her first business. She still runs the quarry business, though her major priority is now overseeing the hotel. With this loan she wants to purchase more foods and beverages for her business.
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.