N. Immaculate is a widow of 53 years of age who cares for 7 children and 4 grandchildren. She is a businesswoman with a bar at her home selling local brew of two kinds (waragi and kwete) that she makes herself. On top of this, she also sells beer and wines since variety brings in more income. She also sells the excess of her home made brew to other bar owners that can not afford to make it themselves, both at wholesale and retail, and this has increased her customer base and revenue. Out of her profits, she was able to start a retail shop that mostly sells snacks and sugar, salt, cooking oil, maize flour and paraffin to her community. Right now, her life is better and keepsogetting better by the day. She needs a loan to help with restocking her shop and buying more beers for sale.
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.