She runs a retail business in Kwa Zulu Natal of Emandini in South Africa and sells live chickens and cold drinks at her home. She explains that she has been in this business for three years. Her main business challenge is dealing with customers who do not want to pay on time after they purchase on credit, and facing the death of chickens when it's very hot or cold.
She requested this loan through Women’s Development Businesses (WDB) and Kiva to buy live chickens and cold drinks. She will use the extra income to send her children to tertiary. In the future, she sees her business growing and having a farm.
She commented that it would be good if WDB could give them money on an individual basis because groups give problems of delaying payment while she has finished her last repayment and wants to borrow money again.
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