M. Godfrey is the leader of his group and a businessman with a retail shop. He is also a farmer with cows that he keeps at his home and these have been helpful in giving him milk for sale and home consumption. He is married with school-going children and the school fees have not been a burden especially now that he has access to loans that boost his business. He is really grateful for the support.
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.