Viola N. is a member of Twekembe women's group in Bulenga and has run a retail shop in her area for 4 years. She is a married woman with children and works with her husband for the upkeep of their family and children's school fees. Since joining her lending group, her loans have helped her so much in transforming her shop in a way that she is now able to make a higher profit compared to before the loans because now she has much to sell in her shop. She still plans to develop it more with this loan, so that she can stock goods that are lacking right now, like eggs, baking flour, and others.
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.