K. John Bosco is the leader of his lending group in Ibanda. He is a very hardworking and friendly man. He is 38 years old and married with 2 children, both of whom are in primary school; he also takes care of 2 dependants. He has had a retail shop in the Nyarukika trading centre for 15 years, where he is able to make 120,000 as profits a week. This is mostly attributed to the use of the loans that enabled him to have a variety of items in the shop. In the future, John Bosco would want to sell wholesale so that he could sell more and consequently have a happy and united family. He is seeking for a loan to be able buy more products for his shop so as to avoid shortages.
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.