At the moment, her business is not doing badly and she is able to ask for a small loan since the demand is not so high but hopes that in future, she will be able to diversify. Zaituni needs to buy more produce and fresh greens and vegetables 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.
356View loans »
Success!! The loan was 100% repaid