Riffat is 36 years old, married, and has two children – a son and a daughter. Both of the children are young and getting an education. Her husband operates a Punjabi food restaurant. He provides good quality and tasty food to his customers, which is why his restaurant runs very well and make him good profits every month.
Riffat is a housewife who stays at home, looks after her children, and performs her daily household tasks. She also supports her husband by preparing food for him. She has applied for a loan from Kiva partner, Asasah, to improve her husband’s business. With the loan, he will buy required ingredients such as lentils, cooking oil, rice, spices etc. that will help him prepare better quality food for his customers and increase his profits. He has been operating this business for the past 20 years and Riffat is hopeful that this investment will be a productive one for him.
Note: In the photo, the lady slightly raising her hand is Riffat.
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.