She has applied for a loan from Kiva's partner, Asasah, to expand her sewing business. With the loan, she will buy clothes and thread in bulk which she will sew according to the new designs and latest fashions that she will introduce to her customers. This investment will give her better opportunities to earn a profit and she will be able to introduce her talent to many more customers as well. She is hopeful that the idea will bring positive financial changes for her business and she will be able to earn more profit.
Note: In the photo, Rubina is the lady with a book (called the Asasah Passbook).
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.
310View loans »
Success!! The loan was 100% repaid