S. Paul is the leader of Munaku Khama group in Jinja. He is a hard working, dedicated and friendly man with no children but helps to care for so many relatives, including orphans. Paul has been a boda boda cyclist for 2 years yet this is his 6th loan with the group. In this business, Paul says they face a lot of challenges like the high robbery rate of the motorcycles, plus the high fuel prices. Due to his hard work and good customer care, he is able to make weekly profits of 80,000. He is saving so much so that he will be able to buy a pickup truck for business, as well as improve the living standards of those he cares for. He hopes to use his loan to repair his motorcycle and after that he will be able to buy a new one. (In the Photo is Grace, the Kiva Coordinator in an orange top, and Robert also working with Pearl Microfinance)
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.