Thirty-eight year old Steven W. is the leader of the bring amber court to unite group 1 - Jinja. Steven is happily married with 5 kids, all of whom are pursuing an education. He has been able to shoulder most of his family’s responsibilities, including the education of his kids, thanks to the income he has been earning from his agro-produce business. For the most part he has been selling onions at the neighbouring amber court market. He began modestly, but with the passage of time the business has made enormous growth strides. He was able to start his current business by selling silver fish. Steven gladly describes himself as tenacious, hard working and strong hearted. His monthly earnings total up to 100,000 shillings. With the proceeds from this loan, he says he is going to buy more onions for resell. He will also use the money to foot the education bills of his kids.
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.