Raphar is a a sixty-three-year-old married man with three children living in a semi-permanent house in Fort Portal, Uganda. His dream is to have a better house and to expand his business to earn more income. He once had a retail shop selling fresh foods and after accumulating enough profits he ventured into a shop dealing in general merchandise, a business he has operated for the last six years.
Raphar needs the loan to buy soap, sugar and boxes of matches to sell. He is a member of Kahuna B where each member guarantees the other in accessing a loan; out of six members only five took the money.
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.