Khalida stays at home and does her household responsibilities. She has applied for a loan from Kiva partner Asasah because her son wants to expand his grocery store business. With the loan, he will purchase groceries in bulk quantity which will allow him to fill the needs of his clients and earn more profits. He has been operating his business for the past three years and Khalida is hopeful that the loan will help him expanding his business and increase his profits.
She is a new loan user of Asasah.
Note: In the photo, the lady with a book (called Asasah Passbook) is Khalida.
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