Zainab, 24, is married with one child. She has been selling tomatoes and potatoes since 2006. She works from 6AM to 6PM and can earn a monthly profit of about $145 from her sales.
Zainab has taken out one successful loan to expand her business. She is now requesting a loan to buy more potatoes and tomatoes for her business. She will share this loan with her subgroup member, Mwanausi, who has a business dealing with coconut and bite sales.
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.