35-year-old Joyce N. is an industrious and tenacious businesswoman who has been giving a worthy account of herself in the face of financial hardships in her alcohol brewing and sales business in Mpiriggwa-Mityana. It is not such a lucrative business, as manifested by the 10,000 Kenyan shillings she gets weekly, but nonetheless, Joyce remains upbeat about her future prospects. With earnings from this business she has been able to provide meals and other necessities, though minimally, to her family. She reckons this loan will give her business a new lease of growth. This happily married mother of five has been overseeing this business for 19 years, which was started with savings from her farming business. With this loan, Joyce says she is going to buy more drums to expand her alcohol brewing business. Joyce belongs to Nezikokolima Mpirigwa group-Mityana.
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.