Sajida is the mother of three children. All of them are enrolled in a local school and getting their education. Sajida herself is a housewife and stays at home to do her household responsibilities.
She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will purchase groceries in bulk to fulfill the timely needs of his clients and to improve his business conditions. He has been operating his business for many years and Sajida is confident that he will be able to earn more profit from his business after the loan investment.
Note: In the photo, the lady with a book (called Asasah Passbook) is Sajida.
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