Maryce, aged 35, borrowed UGX 1,000,000 as part of Tugaigahaire Group’s total loan amount of UGX 8,200,000. She is married and has two children, both of school-going age. She operates a bar in the outskirts of Ishaka town, where she is known for selling the local brew called “mukombotti.” She works every day of the week, 6 hours a day. She does not have any other income. Her business started in 2008, in a rural area she moved from. She started the business to get income to support the family and to pay school fees for the children. She is going to buy more stock, as well as a fridge, for her business. Her clients are local people around the area. She hopes to build a house for her family, since the husband does not do anything. She faces competition from neighbors who are in the same business. She is hardworking, and she hopes for more financial support.
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.