K. Jesca has a retail shop and a restaurant in Rwomuhoro Trading Centre that she has been running for ten years. She is a hardworking and devoted married lady with seven children. The oldest is at university and she also cares for two orphans. She started with a very small shop which has now grown substantially. She has been able to attract many customers because she treats them well and has enough stock that is in demand. She has a goal of expanding her shop further so that she can increase her profit to continue educating her children and expanding her business further. Jesca needs this loan to be able to buy more sugar, soap, salt and cooking oil for her shop and foodstuffs for the restaurant.
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.