Sarah is 45 years old and has been running a grocery store in Mukono for the past seven years. She mostly sells watermelon, pineapples, soft drinks, and other items. The mother of six says that she has learned a great deal about many business fundamentals during this time. Her business goal is to find ways to improve and expand her business. Sarah has used her good relationship skills and work ethic to make significant strides. She believes that her business prospects will continue to expand as long as she maintains her unwavering attitude. Sarah says that she was prevailed upon by her husband to start her business. Prior to that, she made ends meet through teaching. She has not dispensed with teaching, although the remuneration for teachers in Uganda is not something one can talk of in the highest of terms. Sarah’s weekly profits are approximately 60,000 UGX.
Sarah will use her portion of her Kiva loan to purchase more pineapples, jakefruit, watermelon and soft drinks to sell at her grocery 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.