She's been in this business for 1 year and sells chips and drinks at her home. She says that the main challenges to her business are customers who buy on credit and fail to pay on time.
She requested this loan through Women’s Development Businesses to buy drinks. She says that the extra income from this loan will help her send her children to a higher education institution and will help her have more stock to make a profit. In the future, she hopes to see her business grow, and end up having a spazza shop ( spazza shops are small corner stores where you can buy food, drink and other basics).
In her comments she adds that WDB has helped her a lot and they must continue helping others
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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