Kosar is very supportive by nature. She sews clothes for her neighboring clients for profits. The income she earns helps her to manage other household expenses. She also performs her household duties very well along with her business.
She has applied for a loan from Kiva partner Asasah for her brother-in-law who is also a rickshaw driver. With the loan, he will repair his rickshaw to be able to provide better quality transport services to his passengers. He is 24 years of age and Kosar is hopeful that with the increased profits she will be able to save some money for his marriage in the near future.
Note: In the photo, the lady with a book (called Asasah Passbook) is Kosar.
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