Zubaida is a very kind lady. She takes care of her children, her family and her house. She has successfully repaid three loans from Asasah (a microfinance institute of Pakistan). Now she is requesting a loan for the fourth time so that her husband can buy fruit and expand his business. They are expecting a good profit from this loan and it will be helpful in improving their living standard.
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.
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Success!! The loan was 100% repaid