Elpha has been in this business for 10 years. She requested this loan through WDB and Kiva to buy dye, wool, grass and buttons for decorating bags. She says that the main challenge to her business is that she has only a few employees so there is not enough customer service.
In five years' time, she would like to have her own space in the city for her business to run smoothly and to hire at least five more employees. She says that the extra income from this loan will help her pay for her children's tertiary education.
She appreciates WDB and Kiva for helping her with this loan.
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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