L. Aisha is the leader of her lending group in Jinja. She is 35 years old and married with 4 children aged 18 – 3 years as she takes care of her old parents and 3 orphans. She is a tailor and at the same time is involved into the sale of cloth materials for 10 years and her major challenge is the limited capital she has hence not having enough stock all the time. At the moment, she makes 80,000/= as weekly profits due to her quality materials and the fashionable designs for her customers. Her goal is to own business premises so as to stop renting plus own a house and improve the quality of life of her family. Aisha needs a loan to help increase cloth stock for the profits derived out of the business will help to meet the ever growing demand for the clothes that she sells hence more income.
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.