She is applying for a second time for a loan from Asasah to help her husband pay the remaining installments on his auto rickshaw.
She is very hopeful that she can change her family's standard of living by making positive decisions about her family business. Her application for a loan is part of that. She is hopeful that it will prove to be a good decision.
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.
121View loans »
Success!! The loan was 100% repaid