K. Samali is the leader of the loan group, Buyinza United, based in Nazigo. She is a social, friendly, and hard working lady. She operates a retail shop that she has owned for four years. In the shop, she sells sugar, salt, cooking oil, bread, and many other items. K. is requesting a loan to purchase more items to resell.
She is grateful for the loans she has received from Pearl Microfinance because they have allowed her to improve her shop. Before the loans, she had very little to offer her few customers. Now she has so much to offer. This has attracted many customers and increased her profit.
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.