Nulu L. is the leader of her lending group in Jinja. She is a hard working and friendly lady with a strong sense of humor and school-going children. She takes care of other siblings and orphans also in school. Nulu has a salon business in Mpumudde village from which she is able to make profits that help her run her home as well as contributing to her children’s education with the help of her husband. Other sources of income are a transportation business in which she contracts someone to ride a motorcycle, cows at home, plus a kiosk. She says that her major challenge is not having enough capital to make her salon much bigger. Nulu needs a loan to be able to buy more braids and weaves since most people like to plait their hair during certain seasons. She would also like to stock some hair chemicals and hair goods for business continuity.
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.