Shazia is the mother of four children. Only two of them are able to attend school and are getting their education.
She has applied for a loan from Kiva partner Asasah for her husband. Through the loan, he will buy wheat in bulk which will help him fill larger orders on time and earn more profits. Her husband has been operating this business for the past seven years and Shazia is very confident that an investment will be beneficial for him.
She is a new loan user and this is her first loan application to Asasah.
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