Mirembe Women’s Group is located along a busy street of Kyotera town. Its members are business people within the town.
Joan is a mother of five between the ages of 9 and 18; three go to school. She is a very hard-working lady. 36-year-old Joan is a hairdresser who works four days a week and ten hours per day.
Joan started this business in 2003 after she realized how profitable it was. She rears pigs as a supplementary source of income.
Joan is going to use the loan to buy cosmetics and other equipment needed in the hair-dressing business.
The major challenge faced with her business is the constant debt of some of her customers.
Joan’s dream is to own a super market within the same town, because she feels that's when she will make a lot more income, since there is a high demand for those goods.
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.