Alex, age 31 and married, is the only male in a female-dominated group. He joined the group because he believes women are trustworthy and hard-working, so he thought would take a page from their book and improve his livelihood and that of his family. Alex repairs shoes in the outskirts of his city, near a market. He started repairing shoes after realising there were no such services in the area, and yet the shoes bought by the low income earners in that area are not durable and therefore need constant repair. With the income from his repairs, Alex has been able to send two of his children to school. With the loan, he will buy a batch of old shoes, shoe polish and thread to increase his daily income. His dream is to change his business by buying a motorcycle; then if he accumulates enough profits, the motorcycle would help him to buy a plot of land and later build a house for his family. He is hard-working and forward-looking.
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.