Kubra Muhammad Siddiq's Group
Kubra has five sons and a daughter. Her eldest son works with his father. Three of the children are getting an education at the local school while the others remain at home. Kubra is a housewife who stays at home to carry out her household responsibilities. She makes the utmost effort to provide comfort to her family by fulfilling their needs.
Kubra has applied for a loan from Kiva partner, Asasah, for her husband who wants to buy another welding machine. He will also hire an assistant who will help him to provide better services to his customers and earn a good income. Kubra is a regular loan user of Asasah and this is her sixth loan application. In previous loan years, she has maintained good credit behavior and never missed a meeting.
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