Christine is a 30 year-old single lady who deals in the charcoal trade in Kyengera town. She lives in a two- room rented house together with her two nephews who lost their parents. Both attend school and it's Christine who meets their basic needs as well as their school fees requirements. She begun her charcoal trade business eight years ago to acquire money and support her family. She now needs money to roof her leaking charcoal store. She will use the balance of the loan proceeds to buy more charcoal bag . Her prayer is that this business will enable her to meet her future dream of acquiring a plot and building a house for her family.
Christine believes in herself as a hardworking lady. She is resilient and business-minded, and her desire is for continued financial support to overcome numerous challenges, like high transportation charges and poor working conditions.
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.