Mariam has been selling charcoal and oil in Dodoma, Tanzania for 10 years. She is now seeking her first loan so that she may increase her inventory and purchase the materials in bulk to sell at retail prices in her shop. She currently works 11 hours every day and earns approximately US$ 25 each month. She is hoping to reinvest any increase in profits back into her business so that it can continue to grow.
Mariam is 47 years old, married, and has 3 children. In addition, she cares for four dependents. She will be sharing this loan with her fellow group members, Neema, Sabrina, and Mgeni.
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.