Sughran does sewing from her house. She has contracts with different boutiques and stores selling women's ready-made garments. She finishes their orders on time and earns good profit on them. Her husband is a motor mechanic. He earns a reasonable income from his technical work. His workshop is located in the nearby market and it always remains busy because people trust him so much and come to him to repair their vehicles.
Sughran has applied for a loan for the sixth time from Asasah for her husband. With the loan amount he will buy the latest repair tools for his motor workshop and increase his income. She is a very responsible member of Asasah and has always paid installments on time.
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