About iSmart KenyaiSmart Kenya is a nonprofit organization that creates jobs for youth by leveraging market demand for hard-to-get, life-improving technologies in slum communities. Through iSmart Kenya, youth living in poverty earn an income and gain the professional skills required for a lifetime of employment. Kiva lenders’ funds are used to help iSmart Kenya achieve greater impact in two key ways: 1) by mitigating our risk of supply gaps and 2) by improving our ability to scale our model into new slums.
iSmart Kenya joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.
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.
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