An elated and buoyant Rosette has not stuck to any trifles and has played for safety the last two months as she brings diligence to bear in her Pub enterprise in Ntungamo. Her diligence, good rapport building, good service delivery, risk tolerant disposition and good decision-making have all been serving a useful purpose as she goes through the mill of running a business. On display at the happily married mother of four's Pub are a variety of both hard and soft alcoholic beverages. She has been riding high on some early flood of success on the basis of the fact that she has been able to meet the demands of her clients since she took root. From her recollection, she says she does not call to mind a single day when she ran short on drinks. The fact that she is eking out subsidiary income from her other business, for example food sales, has been pivotal. She reckons that she will use her profits to restock her Pub. Week in, week out, her gross sales returns are to the tune of Uganda shillings 100,000. She reckons she will be able to generate more income once she utilizes this Kiva loan efficiently.
Thus far, Rosette has weathered the early storms that have plagued her enterprise, albeit at a cost. The increasing rental charges have, to a big magnitude, played havoc with her business. She set forth in her business with capital from her food sales trade. Rosette intends to use her loan to purchase more alcoholic beverages to resell.
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.