Ghanima is 47 years old. She is married with 3 children aged between 28 and 15 years old. She has been a clothes and perfume seller since 2007. Every day, she works from 10:30am to 6pm at her business and can earn a monthly profit of about $50 from her sales.
Ghanima is now looking for a loan to buy more clothes and perfumes for her business. She will share this loan with her subgroup member Hamida.
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.