Christine K. is a member of the Kuteesa group in Luleeka. She is married with 8 children and cares for 2 other dependents. Two so far have completed school. She is proud that through Pearl she has been able to finance her smoked fish business which she sells to people mostly of Koba and Nabutiri as well as to pay the school fees for her children. She has done this business for over ten years. Because of the fluctuating prices of fish, four months ago Christine diversified and opened a charcoal selling business. She also grows tomatoes for sale. In the future, she dreams of buying charcoal in bulk and supplying Lugazi where prices are higher. She attributes her success to the quality of her fish, her reasonable pricing and the availability of charcoal at all times.
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.