Her husband is a loader and operates a donkey cart. He provides haulage services to his customers. He is well-known among his customers for delivering goods on time.
Rehana is the mother of three children, but only one of them is able to attend school due to limited resources.
She has applied for a loan from Kiva partner Asasah for her husband who wants to improve his business by purchasing a new donkey cart. His current cart has become rough and needs a replacement.
Rehana is hopeful that by purchasing a new cart her husband will be able to provide better quality services to his clients and earn more profits.
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