Florence is married and has six children who all go to school. She is a shrewd and hardworking woman who grows crops and also rears hens, cows and pigs.
She does most of the work with the help of her school-going children, who usually help her after school because her husband is sickly and is not able to work.
She will be able to complete payment of fees for the children with a loan of 300,000, she will also use the other half to buy plantains and greens. She also wishes to buy more cows soon if she accumulates money; these will provide a fallback in case of emergencies in the future.
Her major challenges are debtors and unpredictable weather changes. She hopes to use the next loan to buy a motorcycle for her first-born son, who is unemployed, so that he may make some income by ferrying people for money.
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.