Her husband involves in a ice blocks selling business. He places the ice blocks in his four-wheeled cart. His business grows especially in the summer season because people approaches him for purchasing ice which they used to drink chilled water.
Kaniz is applying for a loan from Asasah, to invest the capital in her husband's business. So he can purchase more ice and increases his income.
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.
215View loans »
Success!! The loan was 100% repaid