Rukhsana is a caring lady. She performs her duties as a housewife very well. She is a mother of 4 children. All of the children are enrolled in a local school and are getting their education.
Rukhsana has applied for a loan from Kiva partner Asasah. This loan will help her husband buy groceries to sell in his grocery shop. He is relatively new in his business; he started his shop only a couple of years ago. Rukhsana hopes that the loan investment will be a good step towards business growth. She is a new loan user and this is her 1st loan application to Asasah. She is hopeful about her family’s better financial future.
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