Niceligaki has owned a business cooking and selling food in Arusha since 2001. She is divorced with two children, ages 8 and 11. She works from 6:00am to 2:00pm daily and generates a monthly profit of approximately $90.
Niceligaki has previously taken out two loans from BRAC Tanzania. She paid back both loans successfully and on time. She hopes to use this current loan to open another business. She will share the loan with her group members, one of whom sells clothing. The other two group members both work in livestock.
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.