Omunaku Khama Group
Sarah started her career as a businesswoman with a small restaurant. She used her first loan to buy food supplies in bulk. That investment allowed her to increase her profits at the restaurant enough that she was able to start a 200 broiler-chicken business. Broiler chickens are chickens that are raised to be eaten – they are different from the chickens that people raise for the eggs.
She was able to use the combined profits from these two businesses as well loans from Pearl, Kiva's partner, to buy some cows. She uses these cows to get milk to sell.
The combination of the profits from these three businesses and additional loans led to her final business! She now has a tap-water connection at her home that she allows the community to use for a small fee.
Sarah has some people who help her with her businesses as well as at her home. She has four children who are all in school. During the day, she and her employees are able to focus on Sarah’s businesses and then when the children come home they have lots of other work helping the children do the things school children do!
Sarah is requesting a loan of $475 to recapitalize her businesses. She would like to buy some additional broilers, purchase some bulk food supplies for her restaurant, and pay the water bill for her water pump.
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.
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Success!! The loan was 100% repaid