T. Evalisto is the leader of his lending group in Ibanda. He is 34 years old and married with 4 children and all are in school as he cares for 1 orphan. Evalisto is a boda boda rider in Kazo trading centre stage for 8 years and he is happy that he is able to make money that helps to run his home. When he started getting loans, he had was working from the village where there are few inexpensive customers but with the loans, he was able to secure and pay for a place in town where he is working from at the moment and over time, he has been able to use his loans to repair his motorcycle. He needs a loan to be able to pay his children’s school fees and partly employ labor on his farm for increased output.
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.