Harriet K. is the leader of her group in Jinja. She is a devoted married lady working closely with her husband in their family wholesale shop. They have had the shop for 11 years. Harriet has so far taken 16 loans from her group, each payable in four months. She is so grateful that using the loans has helped her so much in stocking their shop with the desired products in large quantities. They get their products from Kenya, Kampala and some of them in Jinja where prices are low and this has helped to fetch them profits. Recently they were able to transform to selling to some retailers and so far they have not regretted their move. Harriet needs a loan to be able to buy more stock like sugar, soap, cooking oil and Vaseline for her shop.
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.