Joan N. is a hardworking and devoted lady who has run a retail shop in Jinja for seven years. She is so grateful for her previous loans, which have allowed her to restock her shop with more products, helping her to increase profitability and income. Joan is married with five children, and she is happy that she is able to pay their school fees since their father has many other responsibilities. She buys her retail shop stock at a discount from wholesale shops in Jinja and Iganga, and then sells it at a retail price. Joan is seeking another loan to buy more goods (for example, sugar and maize flour among others). She is grateful that many people care about her welfare and wellbeing.
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.