Mwajuma is 51 years old. She is married with 7 children, aged between 25 and 13. She has been a charcoal, firewood, and spice seller since 1995. Every day she works from 7:00 AM to 6:00 PM at her business and can earn a monthly profit of about $120 from her sales.
Mwajuma now requests a loan to improve her business by increasing her current stock. She will share this loan with her subgroup member, Zema.
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.