Helen A., a married mother of 3 children, is the treasurer of her loan group. She has belonged to the group for 8 years. She operates a bar, selling all kinds of drinks. She has been running the bar for 12 years. She says the loans have been very helpful in uplifting her welfare and sending her children to school. Her children all attend university. She has no employees and runs the bar independently. Her goal for her business is simply for it to be able to fund her childrens' education. She believes her friendly nature attracts customers.
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.