Mwaka is 27 years old. She is married with 2 children; one is four years old and the other is three. She has been an embroidery and bed sheet seller since 2006. Every day, she works from 7:00 A.M. to 9:00 P.M. at her business and can earn a monthly profit of about $70 from her sales.
Mwaka now requests a loan to improve her business. She will share this loan with her subgroup members, who also have businesses dealing with tailoring and shoe sales, bites (snacks) sales, clothes sales, juice sales, and charcoal 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.