The way I understand it to be, each individual member loans in their personal account. Then as a member joins a team, it only puts info together as stats and gives members a sense of doing something together. The team can also have friendly competitions with other teams or host events and access various marketing tools.
I guess the main benefit as a team is lending to same borrowers so their loans become fully funded faster, coming back to ashjomas original idea of conversing here for that same result.
How that shows in the team account, I'm yet to see, but I guess we will see as time goes.
I just put a team pic in, but if anyone doesn't like it, feel free to replace it.
A function I like is the repayment schedule located after hovering over the little arrow next to profile, scroll down to repayments.
I prefer to lend to those that repay quickly so as to spread it around more and tend to choose basic needs as opposed to business needs. I saw someone borrowing 1000 for a mobile phone for personal use, I think most of us can find a good mobile for less than half that, even 200 would suffice.
The beginning of something wonderful. ๐
