N. Betty is the leader of the Mitooma Tumanyane Association. She is 34 years-old and married with three children who are all in school. Betty has a retail shop that sells general merchandise to town residents in Mitooma. His shop is by the side of the road and this helps her to attract even passer by customers. She is able to make 90,000/= weekly income and she is grateful that she also sells bananas as a side business. She has had the business for four years and hard work and determination has enabled her to grow stronger. Her dream is to be able to set up another outlet in the future.She needs a loan to be able to buy more stock for her shop.
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.