K. Jackline, 28, has been in the retailing business for the last three years in Kirehe-Kihihi. In her shop she sells a variety of general merchandise retail items such as sugar, salt and beans. Her clientele base mostly consists of local people within her village. What spawned her interest in this business was the fact that there was growing demand in her area for retail shops that sold items at affordable prices. Prior to this, her inclination was more into farming. On a monthly basis, this business brings her 120,000 KES as profits. With this loan, Jackline, who is a married mother with three kids, says she is going to procure more retail commodities for resale at her shop. She belongs to Kirehe Kwetungura group-Kihihi.
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.