Saqiba Idress is married with three children: two sons and a daughter. All of them are very young and have not started their education yet. Her husband is a farmer by profession. He owns a small piece of land where he grows different seasonal crops and sells to the required customers. Saqiba is a housewife who prefers to stay at home and do her household work. She is a very active and efficient lady and performs her work efficiently. She has applied for a loan from Kiva partner Asasah for the further improvement of her husband’s agriculture business. With the loan, he will purchase fertilizers, seeds and pesticides to grow better crops and increase his profits. Saqiba is hopeful that a loan will help her husband to fulfill his client's orders and improve the living standard of her family as a result of increased profits. She is a new loan applicant and this is her first loan application to Asasah.
Note: In the photo, the lady with a book (called Asasah Passbook) is Saqiba Idress.
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.