K. David is the leader of his lending group in Mukono. He is a hard-working man with many dreams to come true. He is a businessman with a business of selling green bananas from Mukono Central market. Before the loans, David only sold banana fingers but now also has bunches in his stock. He is grateful for the transformation that the loans have brought in his business and he sees the future is bright for him. He makes profit from his business, some of which he saves for business expansion and paying school fees for his 4 children. He bought a plot of land and he plans to construct a family house where his children and wife will find peace away from landlords. David needs a loan to help him buy more matooke (plantains) for resale.
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.