Rasoolan Ghulam Ali's Group
Rasoolan has two sons. Both of them have been involved in the business of selling glass for over seven years. They sell glass to different glass companies on orders and contribute to their family financially from their earnings. Rasoolan has applied for a loan from Kiva partner, Asasah, for her husband’s business. He will invest the loan in purchasing more cigarettes brands for his cigarette shop. Rasoolan is hopeful that through this loan investment her husband’s income will increase and his clientele base will improve as well.
She is a regular loan user of Asasah. This is her second loan application. In the previous loan year, she built good credit behavior and never missed any meeting.
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