Jameela has given birth to three sons and a daughter. Eldest one works in a factory while two others are studying. She has applied for a loan from Kiva partner Asasah for the further expansion of her clothes selling business. She will use the loan in buying clothes in bulk quantity and of better variety which will allow her to make better sales and earn better profits.
Note: In the photo, the lady raising her hand is Jameela.
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