Hawukelaphi has been in the business of selling fruits and vegetables at town shelters for 10 years. She also earns income from the government’s child support grant. She says that the main challenge to her business is facing rainy and cold weather when she sells, because the shelter she usually sells in is an open shelter. She requested this loan from WDB and Kiva to buy more fruits and vegetables. She adds that the extra income from this loan will help her earn profits so she can grow and sustain her business. In the future she would like to build a house for her family. She gives thanks to WDB and Kiva, and will be pleased if they can help her build a stable shelter to sell in.
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.
About South Africa
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