K. Mastula is the chairperson of Kiri Ewala loan group in Katwe, Uganda. She is a very hard-working lady who has a business selling mattresses and beds, both metallic and wooden, to her customers from her rented space in Katwe. She has had the business for over 25 years. Ever since she joined her lending group in 1978, the loans have pulled her through, and this time around, she wants to buy more mattresses from the factory for sale.
Mastula is a single mother of 4 children who are all in school. She is also the caretaker for her late sister's child. Her lending group is so good that she says she has no plan of ever deserting it.
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.