Robina lives with her brother and cousin, who have a scrap business. They take orders from different factories and other scrap dealers and complete them to earn profits.
Robina also does her responsibilities by staying at home. She is a very responsible person and tries to give comfort to her brother, cousin and children by cooking food and cleaning the home.
She has applied for a loan from Kiva partner, Asasah, for her brother’s business. With the loan, he will buy scrap, like used papers, plastic bottles and iron, in larger quantity. That should enable him to complete the orders on time and to earn bigger profits.
Robina is a regular loan user of Asasah, and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: “In the photo, the lady with a raised hand is Robina”.
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