Martha has applied for a loan with Kiva partner Asasah for further expansion of her husband’s business of selling animals. He buys goats and sheep, raises them, and then sells on Eid (a Muslim festival) to butchers for a profit. With the loan, he will buy goats and sheep to sell at higher profits.
Martha herself is a seamstress. She sews very good quality clothes that earn her good profits every month. Her customers are mostly her community members who trust her work and place regular orders with her every month.
She has given birth to five children; all of them are enrolled in a local school getting their education. She is a very caring mother and she works very hard in her business in order to pay for her children’s education.
She is very confident that an investment will be productive for her husband and will improve his business condition. She is a new loan applicant and this is her first loan application with Asasah.
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.