She's been in this business for a year and sells from her home. She also earns income from the government's children grant. She says that the main challenge to her business is clients who do not pay after buying on credit.
She requested this loan through Women’s Development Businesses and Kiva to buy chickens. She says that the extra income from this loan will help her send her children to university and buy enough food for her family. In the future, she would like to sell new products and have more clients.
She will thank WDB and Kiva if they will make her dreams come true.
About Women’s Development Businesses (WDB)This loan is administered by Women’s Development Businesses (WDB), Kiva’s first and only partner in South Africa. Over 75% of South Africa’s population lives in rural areas and about a quarter of South Africans live on less than $1.25 per day.
WDB offers microcredit and training to rural women in order to improve their families’ living standards and encourage active participation in their communities. In addition to targeting women with household incomes of less than 50% of the South African poverty standard, WDB also provides enterprise development and mentorship for women ready to enhance their business skills.
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.
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Success!! The loan was 100% repaid