Rukhsana has given birth to six children. Her eldest daughter is illiterate while the other five are studying, attending a nearby school. Her elder daughter stays at home and helps Rukhsana manage the household work.
She has applied for a loan from Kiva partner Asasah for the improvement of her husband’s business. With the loan, he will buy fresh seasonal vegetables in bulk to offer to his customers for sale. He has been operating his business for the past four years and Rukhsana hopes that it will improve further after the loan investment.
She is a regular loan user of Asasah and this is her 3rd loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Rukhsana.
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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