Bebe Asefa is a hardworking woman. She has a quilt-sewing business and she has been involved in this business for more than twenty-five years. She is very skillful and quite popular among her neighbors.
Bebe Asefa needs the loan to purchase different kinds of cloth and necessary materials for her business because mostly she designs the quilts of brides which is a custom in Afghanistan. She hopes to expand her business and to open a shop instead of working in her house.
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.
0View loans »
Success!! The loan was 100% repaid