Robina supports her husband financially by doing sewing for her neighboring clients. She learnt this art before her marriage and earns good profits from her skills now every month. She is the mother of two sons and two daughters. Her elder son works in a vegetable market as a vegetable vendor while her younger son works in a welding shop for a low income. Both of her daughters are getting an education.
Robina has applied for a loan from Kiva partner Asasah for her husband who wants to buy scrap such as plastic bottles, used paper, etc. in bulk to fulfill the demands of his clients and to make more profits.
Robina is hopeful that her husband who just started this business a year ago will be able to establish it with the help of a loan investment.
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