N. Aisha is the payments controller of Bazira banking group in Mpigi. She is a single mother of 9 children, 7 are grown up while 2 are still in school. She also cares for 3 grandchildren, although their parents pay their school fees and partial upkeep. Aisha has a retail shop business that she has been running for 5 years from her home in Kibibi. She is also a farmer and grows mostly her own food to feed her family. In her shop, Aisha sells sugar, salt, soap, cooking oil, paraffin maize flour and other items. The quantity of products that she has sold has increased with the help of loans. She needs another loan to help with restocking her shop with more sugar, salt, soap, cooking oil, paraffin maize flour and so much more. With the profits she will be able to pay for her children upbringing.
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.