She has applied for a loan from Kiva partner Asasah for the expansion of her clothes-selling business. She will buy clothes of different varieties of better quality with the loan amount. This will give her more chance to make better sales and increase her profits.
Zahida is confident that her business will grow further after the loan investment.
Note: In the photo, the lady raising her hand is Zahida.
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