Gaudy is a 42 year old woman who is married with four children, ages 16 to 5 years old, and she cares for one orphan. She is a hard working and friendly lady with a retail shop as her business for three years in Kabatura Nyabubare County. Although there is a lot of competition, she is able to make 150,000/= as profits per week because of her good customer care approach. She is happy about her shop since it has provided for her family. In the future, Gaudy would like to turn her shop into a wholesale shop, as well as see all her children through school. She would like a loan to help increase the stock of goods in her shop ,so that she can make more profits.
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.