S. Amina is 46 years old and married with six children aged 22 to 4 years. She is a business lady making and selling samosas and clothes. She started making samosas with 2 kgs of cowpeas but now uses 6 kgs of cowpeas, and her main challenge is that during the fruit seasons, she does not make a lot of profits since the customers have a lot of choices to make. She also serves breakfast at home, and she would like to transform it into a tea/restaurant business plus starting up a retail shop for more expansion. She is successful now because of loans that have increased her capital base. She is able to put good spices in her samosas and the clothes she sells are of good quality. Amina would also like to build another building apart from that of her husband's house. Amina needs a loan to help her stock more clothes for Christmas sales and from this, she hopes to be able to save for her children's education.
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.