Hadija has owned a small food vendor store in the Ipagala neighborhood of Dodoma for 5 years. She currently makes an average monthly profit of $175. Every day she works at her business for 12 hours. She is requesting her first loan from BRAC Tanzania so that she can buy more food items for her business. She is hoping that through this loan, her profit will increase and she will be able to grow her business, improve her home and pay school fees for her children.
Hadija is 48 years old, married, and has four children between 12 and 28 years old. She also cares for one additional dependent. She will be sharing this loan with her fellow group members, Nelly, Mary and Emmy.Each woman 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.