N. Jane is a business woman with a pharmacy business that she has been running for over 8 years. She is 36-years-old and a mother of 6 children, as she cares for 2 orphaned children. At her pharmacy, Jane works as a nurse as well as a midwife by offering treatments for sicknesses and minor surgeries, plus midwifery services to mothers. Since Jane works from her home, she is able to rear animals at home like cows, goats, pigs, and chickens under her close supervision. It is also helpful that she does not have extra rent costs. She needs a loan to restock her pharmacy with more medicines and to pay for people to take care of the feed for her animals.
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.