M. Godfrey is a hardworking young man and the leader of Bulera development group. He has run a business of transporting goods by motorcycle for a period of 6 years now, which he started as a young man, soon after he was married. Before this, he was only a farmer. Since farming took a long time to yield produce, he resorted to boda-boda in order to fetch something for his family to eat. Before he could own his motorcycle, he was happy to work for someone else, but with his savings, he now owns a motorcycle of his own. His wife mostly manages the workers on their farm as well as caring for their 4 kids, since in most cases, he works late from his stage in Mityana town. Godfrey needs a loan to help with labour on the farm and paying school fees for their 3 school going children.
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.