Jenensio is 60 years old, married living in Masindi, Uganda. He is a member of the above mentioned group where members guarantee each other in order to acquire a loan.
He practices farming and has been in business for four years now. He also sells honey for additional income.
Like most good fathers, he wishes to educate his children up to the university and set up sustainable income-generating activities for them.
Price fluctuations are his great challenge, while his business desire is to buy more land for farming and use modern farming methods.
Jenensio is requesting a loan to buy seedlings and pay workers.
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.