The “Rahayu” group is led by a mother who has a coffee shop and a games room. Sumarsih is the leader and she has three children who are still in school. Her husband is a farmer. For Sumarsih, this means a loan primarily for her family and members of the group Rahayu. She hopes that with this loan, she can raise capital to complete her coffee shop and add more variety of children's games. Sumarsih also hopes that all members can live a better life and be more eager to develop their businesses. In the picture, the leader is raising her hand.
About Yayasan Sosial Bina Sejahtera (YSBS)Yayasan Sosial Bina Sejahtera (YSBS) is a non-governmental organization that has worked on poverty reduction, food security, gender issues, education, public health, and climate change in Central Java, Indonesia for over 40 years. Kiva lenders can fund tuition loans for students attending YSBS’ maritime academy and senior vocational high school to help them launch their careers, or enterprise loans for rural groups of women participating in the organization’s microfinance program.
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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