Joseph is a 21-year-old married man living in Fort Portal, Uganda. He is a member of the above mentioned group in which each member guarantees the others in accessing a loan that is why the eighth person appears in the photo even when he is not taking a loan. He operates a retail shop alongside farming, and, with the proceeds, he has been able to pay school fees for his children. Price fluctuations and the high cost of rent are his major challenges, while his dream is to own a wholesale shop. Joseph intends to use the loan to buy salt, soap, rice, and flour to sell.
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.