Forty-year-old Martin N. has for the last five years been making common cause with Nsiimya Development group-Jinja. Martin traces his roots in his current business to agriculture. It is from his small agricultural business that he got money to start up his vegetable stall in Kakira market. Before all that, he was involved in a second hand clothes sales business. Around Kakira, most people associate Martin with diligence and determination. The happily married father of five says weekly this business generates him 80,000 shillings. Martin says that with this loan he is going to rejuvenate his business operations. In essence, that means buying more vegetables to resell at his stall.
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.