Robina supports her family financially by selling artificial flowers. She operates her business from her home and supplies flowers to different flower shops to earn income. She has applied for a loan from Kiva partner Asasah for her son’s juice stall. With the loan, he will buy a juice extracting machine that will help him provide good quality juice to his customers and increase his profits. He has been operating this business for the past 10 years and Robina hopes that an investment will bring better profits to him.
She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: In the photo, the lady raising her hand is Robina.
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