Nihfadhi has been making dresses in Zanzibar since 1998. She is 48 years old, divorced, and has five children.
She works at her tailoring shop from 10:00 a.m. to 6:00 p.m. daily and earns a monthly profit of approximately $85. She is hoping to use this loan to by more fabrics and tools so that she may make more dresses.
Nihfadhi will be sharing this loan with her fellow group members: Safia, Fatma, Aisha, Biubwa and Umanzi. They each also have their own businesses in Zanzibar making and selling foods.
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.