There is a fascinating story behind the determined Rwamwenge John of Mugoma Feed Family group, Kyenjojo, who is not afraid of diversity in business. This hard-working married father of seven children ventured into the agro produce and grocery business four years ago, dealing in general food crops like bananas, beans, maize flour, ground nuts, peas and many others at Mugoma trading Centre, Kyenjojo. Due to the pressing need to educate his children, he began this business with his personal savings and food supplies from his garden to supplement the family income. With this loan, John will be able to purchase more stock and be able to improve his earnings as he looks forward to living a self-sustaining life through educating his children and improving his household income.
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.