Josephine is a 47 year old woman with 6 kids. Her kids range from ages 11 to 15. Her youngest child is currently in a private primary school and her oldest child is a teacher. Josephine also cares for 4 additional children, two grandchildren and one niece and one nephew. Josephine has been supporting her family with her pharmacy. She has been running her pharmacy with the help of one other person, for about 10 years now. She says that her success comes from her ability to connect with customers. Josephine is requesting a loan of 2 million USH. This loan will help her to restock medicines in her shop, buy more food and medicine. pay school fees for her children, and generally help her family. Josephine dreams that some day at her pharmacy she will have all the medicines that her customers could ever ask for. For her family, she dreams that all her children to finish school and get good jobs.
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.