Patrick is a 41-year-old man with seven children who all go to school. He lives in Lyantonde, a trading center that is near Mbarara town. He has a retail shop that helps him take care of his family. His customers are people within his village. He also does some subsistence farming.
He has asked for a loan for buying corn flour, rice, cooking oil, soap and other items for the shop.
Patrick's dream is to see all seven of his children obtain a university education. He also wishes that the lending rates would come down.
In the photograph, Patrick is in front, squatting.
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.