K. Rhoda is a hard working and determined lady. She is 38 years old and married with four children, two in secondary school and two in primary school. She takes care of one other dependant. She has a retail shop in Bukari Cell Kashenshero that she has been running for six years and she is able to make 120,000/= profit a month. This is because there is a lot of competition. She started her retail shop using her personal savings from teaching and she does not regret it. She has learned to take care of her customers with her good customer care skills. She hopes to grow the business much bigger and the family will be much happier. Rhoda needs a loan to help expand her business by purchasing more stock since this will bring in more income.
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.