Mgeni A. B. has been selling firewood in the Mikunguni neighborhood of Zanzibar for one year. She works from 8:00am to 4:00pm every day and earns a profit of approximately $80 each month. She is requesting her first loan from BRAC Tanzania so that she can expand her inventory, sell more firewood, and increase her profit.
Mgeni is 30 years old, divorced, and has four children, aged 3, 6, 12, and 14. She also cares for her two elderly parents.
Mgeni will be sharing this loan with her fellow group members, Sina, Mwanapili, Mwajuma, Tatu, and Miza. Each has her own small shop in Zanzibar.
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.