W. Agnes is 24 years old and married with two children as she takes care of two dependants. Agnes is a beautician with a salon in Kitega that has been in operation for 3 years and it is able to make profits of 30,000/= a week. She specializes in plaiting, treatments and haircuts and her major challenge is the power cuts and the expensive chemicals that limit her profits. She has a dream of expanding and having her own salon since the one she has is owned by her husband and has many employees. She also vies to educate all her children to attain the best education so that they can have a better future. Agnes needs a loan to help buy more hair oils and weaves so that she can be able to boost up her business. She is such a friendly young lady and this will help her 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.