Patrick K. is a teacher by profession and belongs to the solid teacher’s development initiative group-Mityana. He started teaching last year after graduate school. Patrick describes himself as calm, collected, forthright and pro-active. These are virtues he says jump started his progress in the teaching business. He teaches mostly in schools around Kikumbi-Mityana. Patrick, who comes across as a jolly and humorous gentleman, also sells cash crops like coffee and maize to supplement the relatively paltry remuneration he gets as a teacher. In a week, out of his cash crop sales his reckoning is that he makes 40,000 shillings. Patrick has no children and is still single but prefers not to divulge his age, insisting he is an adult and that is what matters. With this loan he says he wants to purchase a cow. With this cow he says he will be able to get milk that he will sell and presumably if the cow gives birth to other calves he will be able to plan to sell them when they grow so as to expand on his business profits.
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.