Benjamin is a member of the Mutundwe Community Development Group; he is 38 years old, and married with two children who both attend school. In addition, he looks after his brothers in the village.
He is a primary school teacher, and also has a small retail shop in Mutundwe. Benjamin started this business to supplement his small salary that he gets from his teaching services.
Benjamin, however, lacks capital to expand his business, so he is requesting a loan to buy retail stock and boost his income.
He is hard-working and innovative.
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.