Joha has been a fish seller in the Ipagala neighborhood of Dodoma for 10 years. She currently earns an average monthly profit of US$ 35. Every day she works at her business for 12 hours. She is requesting her first loan from BRAC Tanzania so that she can buy more fish for her business. She is hoping that through this loan, her profit will increase and she will be able to grow her business.
Joha is married and has two children: 25 and 18. She also cares for one additional dependent. She will be sharing this loan with her fellow group member, Christina. Each woman has her own small business in Dodoma.
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.