B. Solome is the chairperson of the Twebaze lending group in Jungo. She is 40 years old, married and has 7 children, all attending school. She also cares for 2 orphan children belonging to her late brother, including paying their school fees, clothing, medical care and general upkeep. Solome has a retail shop business that she has been running for over 5 years. The loans have been used to re-invest into her business, enabling her to buy more stock in her shop like sugar, soap, cooking oil, salt, maize flour, etc The profits she earns are used for her children's school fees. Solome's husband is a farmer. He sells his harvests locally as well as at the large farmers market in Kibuye. Solome is requesting a loan to help her with restocking her shop in preparation for the beginning of the school term which is next month.
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.