Her husband’s name is S. P. and he is a painter by trade. He paint houses, walls and buildings on order. He makes contracts with different companies and also works for individuals on a daily wage. He has good skills in his work and receives regular orders every month.
Safia is a housewife who prefers to stay at home and perform her household responsibilities. She is a very caring mother and takes care of her children very well. She has two sons and a daughter. Her eldest son operates a grocery shop while her remaining children are studying at a local school. She has applied for a loan from Kiva partner Asasah to improve her husband’s business. With the loan, her husband will buy paint and brushes that will help him offer better quality services to his clients and earn better profits.
He has been doing this work for the past 10 years and Safia is confident that the loan investment will help him earn more profits from his work. Safia is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has always paid her installments on time and never missed a single 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