Potania is a 31-year-old Ugandan who hails from the Kyenjojo district. He is married and has four children between the ages of 7 and 14. He lives in his own semi-permanent house. For 10 years, Potania has been growing Irish potatoes despite challenges in pests and diseases, which limit his profits due to the high cost of pesticides. He started by planting Irish potatoes on a small scale of around one acre. He has accumulated enough capital to buy more land, which he is now cultivating. Potania is a member of a group where each member promises to acquire a loan.
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.