N. Nuluyat is a 41 year old lady, married with five children between the ages of 7 and 20. Her oldest is pursuing a degree at university. She is a hardworking and courageous lady with a retail shop business that she has been running from Kirinya-Bombe in Mukono for 10 years. Out of her sales, Nuluyat is able to make 200,000/= monthly profit, and this income has been instrumental in ensuring that her family is not lacking. She has a dream of expanding her shop further to ensure that her children can attain the best of education through her careful savings. She needs a loan to be able to stock her retail shop with more goods like sugar, salt, cooking oil, paraffin and other goods.
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.