Agnes is 54 years old and is a married mother of four children. Currently all of her children are working except her youngest, who is in school. She is a trader who deals with assorted products like aluminum cooking utensils, plastic buckets, bowls, and lunch boxes. She mostly sells through hawking, or house to house selling, and has been trading for a year now. She has attracted lots of customers who purchase from her. She treks to Kumasi to purchase her stock of goods and has recently been facing challenges to buy stock as a result of inadequate funds. She requests a loan amount to buy more supplies like cooking utensils and rubber buckets, which are in frequent demand by her numerous customers. With the loan she believes she will be able to make more profit to build a store and reduce the time walking on the street to sell goods. She would be grateful for your assistance.
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.