Kosar Sajid Ali's Group
Kosar's brother operates a fruit-selling business. He sells fruit from his four-wheeled cart by going to different areas of the community. Kosar helps her brother by arranging the fruits on the cart so he sells them easily. Kosar has applied for a loan from Kiva partner, Asasah, to expand her brother’s business. With the loan, he will buy fresh seasonal fruits for resale. He has been operating his business for the past 16 years and Kosar is confident that an investment will grow his business further. She is a regular loan user of Asasah and this is her second loan application. In her previous loan year, she established good credit behavior and never missed a meeting.
Note: In the photo, the lady with a book (an Asasah Passbook) is Kosar.
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