Annet is the divorced mother of three children. She is 42 years old and earns a living by selling second-hand clothing. She works in various weekly markets, selling to different people who come to the market from various local areas. She wants a loan to buy more used clothing so that she can increase her sales and increase her profits. She will plough the profits back into her business so that she can expand it. Her dream is to build a house for her children so that she doesn't have to spend most of her profits on rent. She is faced with various challenges, including high transport costs, and sometimes does not earn enough money to meet all of her expenses. She is a hard-working single woman who believes in supporting herself.
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.