Allah Rakhi's Group
Besides her household work, she also operates a used clothes selling business. She operates this business to supplement the income of her family.
She has applied for a loan from Kiva partner Asasah for the expansion of her used clothes selling business. With the loan, she will purchase used clothes in bulk quantity to fulfill customer needs and earn a good income. She has been operating this business for the past 5 years and has a good number of business contacts. She is hopeful that an investment will be helpful for her and will increase her income.
She is a new loan user and this is her first loan application.
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