K. Vangi is the leader of her lending group in Ibanda. She is a 42-year-old friendly and cooperative lady with a retail shop business in Ndoragi that she has been running for twenty years. She is happy about her loans because she has been able to increase the business at her shop and now has a variety of products to sell. Vangi is able to make about $85 in profits a week, and this helps to take care of her family. She is married and has five children who are all in school. She wants to see all of them attain the best education available from the best Universities around. Vangi needs a loan to help restock her shop, because this helps her avoid shortages.
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.