Harriet is a member of the Karagwe group. She resides in the Ntungamo district. Harriet has a retail shop, which is located within the cell where she lives. Her major challenge is a lack of capital for her business. She has applied for 500,000 UGX to buy various items for her shop. She also hopes to use some of the money to pay the school fees for her children. Harriet is glad that she has an institution like UGAFODE to borrow from since it helps her restock the shop. In the photograph, the group is with their loan officer.
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.