Alishba stays at home and does household work. Alishba and her husband have two illiterate sons who work. Her eldest has a job in a factory while her youngest helps his father in his crushed wood selling business.
Due to good customer service, her husband receives a lot of orders every month. Alishb's husband, in business for over eight years, wants to buy crushed woods in bulk to fulfill larger orders on time and to earn a good profit. She hoped this loan will boost the family business.
There are four other members of this group loan.
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