N. John is the leader of the Nyakahanga Tukore Group, Ntungamo. He is 57 years old and married with 8 children. John has operated a business selling agricultural produce such as beans, maize and coffee for 5 years from his store in the Ngomba trading centre. He employs two people to help him in business. John is a determined and social person, traits which have won him more customers. He is able to make a weekly profit of 200,000 UGX. John says that before a friend introduced him to produce selling, he was only selling to traders from his farm. However, he now also knows how to make more money as he also buys from other farmers. He needs a loan to be able to buy more beans and coffee for restocking.
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.