Nabateregga Shakira is the leader of the Namungoona loan group in Kampala. She is a married lady with no children. She has a business of selling television sets, electronics, phones, and electronic accessories from Bakuli, Mengo. Her profits help pay for school fees for her two brothers that she helps to care for.
This is the third time Shakira is seeking a loan from Pearl Microfinance. The first two loans helped her so much in enlarging her shop by allowing her to sell phones that she did not have before. She is requesting this loan so that she can buy more phones and DVDs to sell.
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.