Hawima has owned a shop selling small items in Zanzibar since 2003. She sells a variety of goods, from cleaning products to drinks to snacks. Among her most popular sellers are juice and biscuits.
She works every day from 7:00 a.m. to 9:00 p.m. at her shop and is able to earn approximately $90 each month. She is hoping that with this access to capital she will be able to purchase more of the most popular goods and increase her sales and profit.
Hawima is 48 years old, married, and has three children between the ages of 10 and 25.
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.