Kitimbwa Group (C)
Suzan is requesting a loan of 400,000 Uganda Shillings (USH) to restock her store. This will be her second loan and she is already seeing a change in her life because of the loans she is taking. Previously, she was only making about 20,000 USH per week, but now she makes more like 30,000 USH per week. She explains that this is because of two factors; first, she is able to purchase the items in her shop for less money because she can buy them in bulk, and second, because she is able to have more items so more customers come to her shop.
Suzan has four children and no husband. The fathers of the children help her with paying school fees for their children, but they offer no support for the children’s daily lives. Now, with the profit that she is making in her business, she is able to cover her share of the school fees as well as make her children comfortable when they are at home.
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.
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