Goshi is a housewife who stays at home to perform her household responsibilities. She is a very responsible person who does her work with great dedication. She has five children, two of whom work while the others are under four years old and haven’t started their education yet.
Goshi has applied for a loan from Kiva partner, Asasah, for the further expansion of her husband’s business. With the loan, he will buy goats in order to sell their meat through his shop and increase his sales. He has been operating his business for the past 12 years and is well known for his good service. Goshi is confident that, after the loan investment, her husband’s business will grow better.
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