Sakina is very skillful. On a part-time basis, she sews clothes for her neighborhood clients. She is the mother of five children. Two of them study while the others stay at home.
She has applied for a loan from Kiva partner Asasah because her husband wants to buy some more animals to sell after raising them. He has been operating his business for the past 10 years and Sakina hopes that an investment will be a productive one for him and it will improve the living standard of her family as a result.
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