Rashida is recently married and does not yet have children. She is an active lady who stays at home to perform her duties as a housewife. Her husband has an animal-selling business. His business grows busier during the Muslim festival of Eid-ul-Azha because many people purchase animals to slaughter. At other times, he sells his animals to butchers. Rashida supports her husband by taking care of his animals, giving them timely food and water.
Rashida has applied for a loan from Kiva partner Asasah to help her husband improve his animal-selling business. With the loan, he will buy a cow and goats to sell to butchers for profit. Rashida's husband has been doing his business for past 4 years and she hopes that through this loan investment his business will grow further.
Rashida is a new loan applicant and hopes that it will be a profitable experience for her.
Note: In the photo, the lady with a book (called Asasah Passbook) is Rashida.
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