Frigensi K. is the leader of Bwijenje Twetungure Group A- Rukungiri. He is 39 years old and married, with 4 children, aged 10, 9, 7 and 5 years. Frigensi has been selling produce, which includes maize, coffee and millet, from Mushonga Trading Centre for over 10 years. He works with his wife. He sells most of the coffee to Rukungiri coffee factory. Hence, he has a ready market and he is able to make an average of 250,000UGX as monthly profits. He is also involved in the sale of alcohol, and he has a banana plantation from which he sells matooke. Frigensi has been a hard-working farmer for a long time and he hopes to be a model farmer in his area. He needs a loan to be able to buy more maize, millet and coffee for increased stock.
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.