M. Stanely is the leader of his lending group in Bushenyi. He is a married man with 4 children aged 18 – 6 years, as he cares for 1 orphan. He is a business man with a retail shop that sells general merchandise in Kabusaho trading centre for 9 years which he transformed from selling yellow bananas. His main challenge is transporting his products from the main town to the village where his shop is making him earn 200,000/= as profits a month. Stanely has a dream of shifting his shop to Bushenyi main town where he will be able to make more sales and more money as a result. He also wants to see all his children educated to the University level by increasing his profitability. He needs a loan to be able to buy more stock for increased turn over. He is really a hard working man.
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.