She is married to M. who is a rickshaw driver from trade. He provides transport services to his passengers and drives them to their destinations.
Safia is the mother of 3 daughters and 2 sons. Only her eldest daughter managed to get an education. Due to poor financial conditions, Safia is unable to send the other children into school. She has applied for a loan from Kiva partner, Asasah for her clothes selling business. With the loan, she will buy the unstitched clothing material in bulk quantity. The bulk quantity will minimize her cost of purchase and increase her sales.
She is a new loan user and this is her first loan application.
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