Helen has been cooking and selling food in Dodoma, Tanzania, for 2 years. She is now seeking a loan so that she may purchase more cooking ingredients, particularly sugar and oil, so that she may produce more food to sell. She works for 11 hours every day and earns a profit of approximately $35 each month. With the increased profit from her greater sales following this loan, Helen hopes to reinvest in her business so it continues to grow.
Helen is 50 years old, married and has 7 children, ages 12, 17, 18, 21, 25, 28, and 32. In addition to her 7 children, she also cares for 5 dependants. She will be sharing this loan with her fellow group members, Vumilia, Hadija, Vaileth and Pili.
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.