Rozi lives with her two brothers. She doesn’t want to be a burden on her brothers, and that’s why she operates a clothes-sewing business from her home. She is very skillful and receives a good number of orders every month from her community clients.
Her elder brother has a scrap business while youngest one lives abroad.
She has applied for a loan from Kiva partner Asasah for the betterment of her elder brother’s business. With the loan, he will buy scrap in larger quantity to be able to meet the demand of his customers and increase his earnings.
He has been operating his business for the past 15 years and Rozi is very confident that an investment will be a productive one for him.
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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