Sabra is 29 years old. She is married with five children aged between 6 and 13. She owns and runs a small food vendor store. She works at her business each day and can earn a monthly profit of about $60 (US Dollars) in sales.
Sabra hopes for a loan to buy more rice, maize flour, and bananas for her business. She will share this loan with her subgroup member Adila.
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.