She has applied for a loan from Kiva partner Asasah for her brother who also sells bed sheets and rugs. With the loan, he will buy bed sheets and rugs in larger quantity to be able to offer more variety to his customers and earn better profits. He has been doing this business for the past 10 years and Alia is hopeful that an investment will help him make better profits by improving his business.
She is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has maintained a good credit behavior and never missed any meetings.
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