R. Obadiah, 45 years old, has been selling dry maize, beans and Irish potatoes in Kawaruju market-Kyenjojo to make ends meet for the last 5 years. It is a highly lucrative business that he says he began out of his own enterprise. The crops he sells are high favor delicacies in most parts of Uganda and Obadiah says he does not have any regrets as to why he began this agro produce sales business. Obadiah comes across as a humorous, strong-willed and warm gentleman. He is happily married with 7 children who all go to school. He also has a modest cattle sales enterprise. He says this business generates him weekly profits of 30,000 UGX. With this loan, he plans to buy more crops to resell.
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.