Margaret has had her poultry business for 15 years. She has 500 broiler chickens and 500 laying chickens. Broiler chickens are raised for between 2 to 6 months before being sold for food. Laying chickens can be kept for years, laying eggs that are then sold. Margaret makes 5000 USH per broiler chicken and 5,000 per tray of eggs that she sells. She is able to collect 10 trays of eggs each day for her laying chickens. Margaret sells the majority of her broiler chickens wholesale to restaurants in her area. She explains that the loans are critical to her success in securing these regular customers. Margaret is able to keep her chickens for 6 months, unlike others who sell sooner, because she can finance her daily expenses during this time with her loans and her sales from her laying chickens. The loans also allow her to purchase food in bulk, and that reduces the cost. Margaret has 10 kids. Four of these children are still in need of help with school fees; in addition, she is helping with seven grandchildren. She is requesting a loan of 900,000 USH to buy more feed for her 1,000 chickens.
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.