N. Harriet is the leader of Mutai group in Jinja. She is a married lady with a charcoal selling business. She sells both as a wholesaler and a retailer. She buys the charcoal from the forests, loads the lorry, and takes the charcoal to her shack, where she stores it. Since most of her customers buy in small gallons, she is able to make a weekly profit of 30,000 Ushs. As a result, she has been able to buy herself a plot of land and pay fees for her children.
Harriet needs a loan to be able to buy more charcoal for her business. Once she has access to money and more savings, she plans to construct rental houses as well as to expand her business to include firewood for sale.
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.