James is 29 years old and has so far taken two loans from the institution. He owns a retail shop and also does farming in rural Lyantonde. He will use the loan to buy agricultural products to sell as well as retail shop products that he will use to sell to his customers. His dream is to see his children educated to higher levels of education, probably university. His main challenges are price fluctuations. He is hard working and hopes with the loan his business will grow. He is grateful for the support and cohesiveness the group has given him to improve to his current status.
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.