She sells groceries (rice, noodles, sugar). She has her own store set up in her house. She sells from six in the morning until ten at night. Her children help her.
She now needs a loan to buy rice, sugar, diapers, and liquor.
The rest of her colleagues also have their own businesses of selling, providing services, and production. All of them need the loan to improve their businesses.
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.
119View loans »