Felicia is thirty-eight years old. She is a wife and a mother of two children who are currently in school. She is a petty trader who sells smoked fish and food items. Felicia is constrained by funds to run the business. She needs a loan to inject more working capital into her business to scale up progress. She is the leader of a village trust bank group called “Yesu Nkoa” (Jesus alone). All the members are engaged in trading. They work so hard to put food on the table of their households and also to support their kids in school. They believe the loan will help them to be more resourceful to purchase food ingredients and stock in bulk. In time, they will be better able to serve their customers. They believe your support would enable them to grow their businesses.
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.