Ireen leads the Rwenkuba Bakyara Tukole group, Rukungiri. She is 56 years old, married and has four children, one of whom is still in school. For the last seven years, she has made a living by running a retail shop in the Katerera Trading Centre where she sells basic items such as sugar, salt, soap and cooking oil. Most of her customers live nearby. In a typical month, Ireen makes 200,000 UGX, which she has used to pay off a previous loan and expand her shop. She also runs a business on the side raising pigs and owns several rental properties, and all her work has allowed her to dramatically improve her life and her family's. She is determined to educate her children and increase her sales. She is applying for this loan to pay her child's school fees and restock her shop with goods.
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.