Kisimba Women's Group
Mariam N. is a member of the Kisimba women’s group in Lugazi. She is a married businesswoman with a retail shop that she has owned for six years. Her husband helps her out with the shop at times, as well as providing the family with food and a decent shelter.
Before joining her lending group, Mariam says that her shop was so small that a time came when she was selling almost nothing. But with the coming of loans, her shop is now self-sustaining and will need a few pushes every time she gets a loan.
Thanks to the loans she has received, all the products in her shop are now in large quantities and, as a result, her family is better off. She is now able to pay school fees for her children. Mariam also plans to build commercial houses for rent in her trading centre and transform her shop into a wholesale 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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