George is the leader of Ndeeba Tukorerehamwe Group, Kihihi. He is a very hard worker. He has had a produce selling business dealing mostly in beans and rice sales from Kihihi Town for two years. He generates 100,000/= as weekly profits. George also has a retail shop as his mother's business from which he gets capital for the produce sales. He is 30 years old and married with two children aged 5 and 2 years and his dream is to see his business grow and have a self-reliant family in the future. He needs a loan to be able to buy more rice and beans for an expansion in business.
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.