Sabina has been a charcoal seller in the Ipagala neighborhood of Dodoma for 3 years.She currently earns an average monthly profit of $225. Every day she works at her business for 12 hours. Sabina is requesting her first loan from BRAC Tanzania so that she can buy more charcoal for her business. She is hoping that through this loan, her profit will increase and she will be able to expand her business, improve her home and pay school fees for her children.
Sabina is 38 years old, married, and has four children between the ages of 8 and 20. She also cares for two additional dependents. She will be sharing this loan with her fellow group member, Asha: Who also has her own small business in Dodoma.
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.