Saluwa is twenty-nine years old. She is married and has one child. She lives with her family at Effiakuma in the western region. She sells beverages and fried eggs and bread. She does her business in the mornings, since most working people would want to take their breakfast before going to work.
Saluwa wants a loan to expand the size of her tea shop and also to purchase more boxes of milo, milk, sugar and crates of eggs. She hopes to increase her profit margin to enable her to save more to support her family, especially her children's education. She belongs to a trust bank group called ‘Premium’. The group members guarantee for one another as collateral to access the loan.
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.