Bilqees is married with four sons. Two of them work and the other two are enrolled in a local school and getting their education. Her eldest son has a sofa cover fitting business and the second son one sells perfumes. She has applied for a loan from Kiva partner Asasah for her husband who runs two businesses simultaneously. He sells religious book and vegetables. He has a small shop in the community market where he operates his businesses. He will use the loan money to buy religious books and fresh seasonal vegetables to fulfill the needs of his customers and earn a good profit. He has been operating this business for the past eight years and Bilqees is hopeful that his business will grow further after the loan investment. She is a regular loan user of Asasah and this is her fourth loan application. In her previous loans, she maintained a good credit behavior and never missed any meeting.
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.