35 year old B. William makes common cause with Nyamirengyere Development group-Kihihi. 8 years is the time he has been running his food sales enterprise in Kihihi food market. The happily married father of three is a stickler for diligence and he cites it as the overriding factor as to why he has been able to make significant strides over the course of the last few years. He became involved in this business when he sensed the ready market for staple foods such as Irish potatoes, bananas, cassava, maize, beans, rice, etc in his home area. Before that, William worked in a timber sales business. By his own account, profits from this business enabled him to take root in his current business. Weekly his business generates him shillings 80,000 in profits. William is requesting this loan to purchase more food such as Irish potatoes, bananas, cassava, etc 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.