Immaculate T. is the leader of this lending group in Ibanda. She is 28 years old and married with 2 children who attend primary school. She is a hardworking and determined lady with a bar business in the Bisheshe trading center. She has been running this business for one year and her best selling point is making good and classy drinks. She is now seeking a loan in order to increase her stock of beer, wine, soda, mineral water, and malwa so she can attract more and more customers, and therefore more income. The profits from this business, in contribution with that of her husband, will continue to help Immaculate provide for her family and educate her children.
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.