She is a very practical lady. After the death of her husband, she made herself strong and took care of her sons, helping to establish them in their businesses by working as a seamstress. She has been doing this work for over twenty years. Now her sons want her to rest. The family is very happy and supportive for each other.
Zubaida has successfully repaid three loans to Asasah and is now applying for the fourth time to invest capital in her elder son’s business so that he can purchase spices, rice, lentils and cooking oi to expand his food stand.
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