Her husband is a driver by profession and provides transport services to his passengers. Safia is the mother of four sons and a daughter. Only her two younger children are able to attend school and get their education. Her eldest son has a construction supplies business, the second son is a laborer and the third one is a building contractor.
Safia has applied for a loan from Kiva partner Asasah for the betterment of her embroidery business. With the loan, she will buy embroidery frames and embroidery materials such as beads, colored thread and sketches in bulk quantity to be able to make better quality embroidered clothes and increase her income. She has been operating her business for the past eight years and is very confident that the investment will be a profitable one for her business.
Note: In the photo, the lady with a book (called Asasah Passbook) is Safia.
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