K. Joweria is the chairperson of the 12-member Kisakyamukama Lending Group in Kikajjo, Namasuba, Uganda. The group meets at her home. She has been running a retail shop for more than 20 years and the shop has never faltered since she joined her group. Joweria’s children are all grown up but she cares for 4 school-age dependents at her home. Her past loans have helped her a great deal, allowing for savings that help with school fees and upkeep. She now needs a loan to help with restocking her shop.
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.