John is 35 years old. He is a resident of Bunamwaya and member of God Is Able Group. He is married with four children who all attend school. Despite the fact that he earns little income, John has been able to take care of his siblings' needs in the village since his parents are too old to meet them.
John has been making bricks for many years. He has been very hard working and this has enabled him to purchase a motorcycle for himself to supplement his income. However, John needs a loan to pay his siblings' fees to enable them to have a bright future.
John is a hard working, honest and cooperative member of society who is excited about the new partnership with Kiva through UGAFODE. He pledges to make his repayments on time and also urges other members to do the same.
In set is the group member composition though one of them has not yet taken the loan but they have all signed the waiver form.
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.