Didas is 61 years old and is the happily married father of seven. For almost 45 years, he has been growing bananas on his farm and selling food, such as bananas and maize, at a market in Ntungamo. Before he got involved in this business, Didas was a teacher. Though he has retired, Didas says he is nostalgic about teaching and he makes time every evening to teach neighborhood kids. His business provides a weekly profit of 100,000 UGX.
Didas is requesting a loan to purchase better manure for his banana farm.
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.