Kidindimya Tweyambe Group
The high cost of timber and inadequate capital to hire enough labor affect his business, since the demand for furniture is overwhelming, while his desire is to own a modern workshop in the town center.
A good father that he is, he desires to educate his children up to the University, and also to set up a number of income generating activities to secure the future. John is requesting a loan to buy timber to use. Some of the members did not take the loan but because it's a group policy they appear in the photo to guarantee the others.
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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.
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Success!! The loan was 100% repaid