Emmanuel T. is 39 and married with 8 children and cares for 1 dependent. He is the treasure of Kitimbwa mixed group and the leader of his lending group. His 15-year-old shop is doing very well, and over the years it has enabled him to start other businesses like selling used clothing and keeping chickens at home with the help of loans. His wife helps with shopkeeping while he sells his used clothing to the various markets using his bicycle. He has a plan to buy a motorcycle to help in his trade, but capital is still lacking because a good motorcycle costs over $1550, while at the same time his shop still needs restocking plus soliciting fees for his school-going children. He is saving toward buying a motorcycle and will be happy to let everyone know when he buys it. Right now he needs a loan to be able to restock his shop as well as buy bales of clothes for sale.
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.