35-year-old Betty, a happily married and diligent mother of 2 children, has been offering tailoring services in Mityana for close to 5 years now. Betty says she started sewing only school uniforms, at length however with the increase in demand from clients, she has diversified into sewing other types of clothes that she now sells. Betty says her client base consists mainly of retail business people. In the future, she says she plans to purchase a plot of land to construct a residential family house. Weekly, she says this business generates for her 60,000 shillings in profit. She says with this KIVA loan, she is going to purchase more textile materials to make clothes.
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.