Rose, a married woman with four children and a dependent, operates a restaurant in a fairly busy trading centre where she works six hours a day. Her main customers are passersby, especially market goers; she also does small-scale farming, a venture that she started in 1996.
Rose will use her portion of the loan to buy food items such as plantain, rice, and posho for the restaurant. The profits will be used to finance her children's necessities and school fees. A very hardworking woman, she hopes to build a house of her own in the future.
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.