Nyikira Okole Group
Betty owns and operates the Seaman Bar, a popular beer tavern 6 kilometers away on the main highway, that features a jukebox that plays traditional African music. She inherited this establishment from her sister when she died three years ago. Betty depends upon the income from her bar to care for the needs of her extended family.
Betty uses the proceeds from her loan to purchase crates of beverages for her bar, and also to buy replacement glasses and chairs for her patrons. Each crate has 25 bottles and costs 35,000 UGX. On a typical day, Betty sells 8 crates and earns a profit of 20%. Since starting in this business, Betty can afford better food and clothing for her family, and she recently bought a plot of land. With the future savings from her business, Betty hopes to build her own home. One day, she would like to sell the bar and begin a wholesale beverage distribution business.
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.
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