Hiyana is 39. She is a married and has three children, 23, 16, and 6 years of age. She opened a food market in 1986. Every day, she works from 10 am to 10 pm and earns about $25 each month.
Hiyana is asking for a loan to buy rice, maize, flour, meat, vegetables, and bananas. She will share this loan with her group members, who sell soap and groceries.
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.