Sahibzadi has applied for a loan from Kiva's partner Asasah for her brother who is a rickshaw driver. He provides transportation services to his passengers and drops them off at their designated places. Currently, his rickshaw needs maintenance because its engine is creating problems which don't allow him to run it for long hours. With the fully repaired rickshaw, he can continue his work and provide the best transportation services to his passengers.
Sahibzadi is a regular lender with Asasah and this is her 3rd loan application. In previous loan years, she has maintained good credit behavior and never missed a meeting. Note: In the photo, Sahibzadi is raising her hand.
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