Khursheed is a housewife and also helps her husband in arranging the bed sheets on his bicycle.
She has given birth to 6 children. Her eldest son also has a business selling bed sheets while the youngest one is studying. Her remaining children stay at home and do not work.
Khursheed has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will buy bed sheets in larger quantities for sale.
Khursheed hopes that an investment will bring positive changes to her husband’s business and will help her family to live better financially.
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