At 28 years of age, Amina is married and has two kids. She also looks after her four sisters, who are dependent on her for their livelihood because they are orphans. She sells charcoal stoves made of clay to meet her needs and those of her extended family. Her main challenge is customers who take stoves on credit and fail to pay back.
She dreams of buying a plot of land in the future, using savings from her business. She was excited about joining the borrowing group because this will help her increase her working capital, which in turn will reduce the strain on the limited resources. She is very hard-working and persevering, despite the challenges of supporting her extended family. Amina is the lady in white and black at the front row on the right.
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.