Benna A. is 34 years old and a mother of one child who is aged 8. She supports two dependants aged 6 and 9 years respectively. She has a business of selling beer and local brew, and has been in this business for over 10 years in Luwayo. Her loans have been helping her so much with her business and now this one will help her acquire raw materials like sim sim and bananas for her local brew business. Her biggest challenge is the seasonality of her business, but because of the experience she has, she has been able to retain her customers throughout the season.
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.