N. Winfred is a 30 year old lady and married with 4 children aged between 9 years and 6 months, as she takes care of her siblings. She is a business lady involved in the sale of second hand clothes and the sale of green bananas from Owino and Nansana markets respectively for 17 years. She employs two people to help with both businesses and hence remains with 80,000/= as profits a week. She has a dream of importing her clothes from Dubai for more quality so that she could become self reliant with the increased savings. For the clothes, at times they are scarce to get and once she gets her loan, she will be able to buy in large quantities for increased stock. She is a determined and hard working lady with a strong drive to succeed.
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.