Khalida has given birth to 2 sons. Her elder son operates a cosmetics sales business. He has a cosmetic shop in the market. He sells makeup accessories such as mascara, eye liners, lipsticks and beauty-related products (such as face creams and masks) to his customers. Her younger son works in a factory for a small income. Her husband is also a worker in a factory with a low income. Khalida herself is a housewife. She stays at home and does her household responsibilities.
Khalida has applied for a loan for the 2nd time from Kiva partner Asasah for her elder son’s business. With the loan, he will buy more cosmetics and beauty products for his shop to increase the profit from his sales. Khalida is hopeful that an investment will bring good profits to her son and improve his business condition.
Note: In the photo, the lady with a book (called Asasah Passbook) is Khalida.
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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