Tinkagirize Francis, the leader of his lending group in Bushenyi, is a 46-year-old married father of six children, all in secondary and primary schools. Francis, a hard-working and friendly man, has been operating both a bee-keeping and a farming business for 10 years. Although he likes what he does, he is affected by the expensive materials used in bee-keeping as well as the limited market for the honey made from it. He is now requesting a loan to help buy a piece of land that he will use to increase his farming output. His goal is to spread his business ideas to other parts of the district since he has been helped by the National Agricultural Advisory Services (NAADS). He also hopes to educate his children to the university level.
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.