Judith started her retail shop with 100,000 Ugandan shillings and has operated it for for 10 years. Her major challenge is the decline in purchasing power of clients due to hiked food prices, but she has hope for progressing in business. She needs this loan to buy more rice, sugar, beans and groundnuts for future resale.
Judith is 36 years old and married with four children. She lives in a semi-permanent, owned house in Fort Portal, Uganda. Her family goal is to expand her business to be able to educate her children to higher levels.
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.