T. Godfrey is the leader of Bikuto Work Hard Group, Kihihi. He is 36 years old. He is married and has five children above the age of 1, with four already in school. Godfrey sells clothes and clothing materials from Butogota by the side of the road, out of his home. At times, he also goes to the daily markets. He has been in business for over seven years, and he is able to generate 250,000 monthly. He is also involved in farming and selling farm produce, and he has a boda-boda that he hires out for a daily fee. He is very hardworking, and this is why he is able to run all his businesses. His dream is to expand his business and educate his children to the highest level. Godfrey needs a loan to be able to buy more clothes for resale.
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.