Protazio Z. is one of the executive members of Kasenyanku group in Mpigi. He is a very hard-working man and has sixteen children, eleven of whom are in school. The rest are still young. Protazio has a shop that sells new clothes like gomesi (a puff-sleeved dress) for ladies, trousers for men and women, shirts, dresses and skirts. It is due to his hard work and determination that he was able to set up this shop, having worked in daily markets with no store of his own from which to sell his own goods. He is grateful to his customers for his business and to Pearl Microfinance, a Kiva field partner, for without them, he would be badly off. He is again asking for a loan to purchase additional inventory. His dream of having many shops selling the same goods still prevails.
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.