Norah is 40 years old and sells beverages, fruit, and vegetables at her grocery store in Mpigi town. She is a happily married mother of seven. Norah says that she worked in weaving and making handcrafts before she joined this business. Since becoming involved in the grocery store, she has stopped her weaving and handcrafts work. Norah is an easygoing, upbeat, hard-working and focused businesswoman. This may just be the stock in trade she needs to open up a better horizon of opportunity for her business in the future. On the side, she ekes out further revenue from a small brick-sales business. She says her business generates profits of 150,000 shillings each month. This loan is to aid her in purchasing more crates of soft drinks and fruit and vegetables to resell 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.