Firista is 52 years old and married with six children living in Kagadi, Uganda.
For 12 years she has operated a bar. She started the business after realising that her husband could not solely support the family. She is faced with hardships of inadequate capital to meet the high demand and of bottle breakages by drunken customers.
She has dreams of educating her children up to the university and diversifying business to include crop production. Firista is requesting for a loan to buy beer and sodas to sell. She is a member of Tweimukye Bukonda, where each member accesses a loan through group guarantorship.
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.