M. Edward has a retail shop that has been running since 1991. He is 31 years and is married with 3 children. He cares for his relatives, including his wife's parents and his in the village. He would like a loan to help him buy more goods like sugar, cooking oil, soap, rice, and maize flour for his shop. Since he buys in small quantities, he usually buys the goods from Nazigo and Kayunga.
His dream is to transform his shop into a wholesale business in a few years to come and, with this change, he will be able to buy in large quantities from Jinja, where the prices are much lower than in Kayunga and Nazigo, though transport is slightly high. In the shop, he is helped by his wife and together they are determined to make their dream come true.
M. Edward has been a good member of Kyosiga women’s group for one and a half years and he will share the loan with the 10 other members of the group.
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.