K. Harriet belongs to Kiri Ewala Savings group-Kampala. 20 years is the time she has been manifesting good customer relationship skills and hard work in her soft drinks and electronics business in Katwe-Kampala. These have been essential and cardinal in winning her a client base and establishing for her a vantage place in the local market. 100,000 shillings is what accrues to her business weekly as profits. Harriet says her husband, with whom she has 11 kids, was a tower of strength in helping her get established. With this loan, she says she is going to revamp her F.K. Grocery store business by purchasing more crates of soft drinks and electronics. She also says some of the proceeds will go into paying fees for her kids.
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.