She is married to Z. A., who has a business of selling fertilizer and seeds. He has a shop in the market and has a good number of farmer contacts, particularly for selling his products.
Sakina is a housewife. She spends all day staying at home and doing her household responsibilities.
She has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan amount, her husband will buy fertilizer and seeds in bulk quantities for selling through his shop. Buying items in bulk will cut his cost of purchasing and make him able to meet urgent orders on time.
Sakina is hopeful that with the help of this investment, her husband will successfully be able to grow the business.
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