Rehema, 38, has been a retail business woman for the past decade in Lugazi. The happily married mother of six says she was encouraged into this business by her husband, who was in business himself.
At her shop, she sells a variety of commodities such as rice, beans, millet, soap, cooking oil, etc. Previously she was a hawker.
She says this business generates profits to the tune of 200,000 UGX monthly. With this Kiva loan, she says she is going to purchase more retail commodities such as sugar, bread, plastics, etc., to resell.
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.