Mary is a hardworking, friendly and devoted lady with a business making and supplying snacks to schools and to the general public. The snacks she makes include sumbusas (meat or vegetable pies) both for meat and for peas, doughnuts and chapattis (flat bread). She supplies them to a school owned by a white man. She is so grateful that she won this tender and her main worry now is ensuring that she has the needed supplies for the day.
Mary needs a loan to help buy more wheat flour, cooking oil, baking powder and so on to help make more snacks for sale.
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