Zahida has been operating a school canteen for the last 10 years to financially support her husband and family. Through her canteen, she sells cold drinks, snacks, and other foods to school children. Her rates are very reasonable and she earns a good profit every month.
Zahida is requesting a loan from Kiva partner Asasah for her canteen business. With the loan, she will purchase cold drinks, snacks, juices, etc. in larger quantities for selling and increasing her profits. She is very confident that an investment will help her improve her business and increase her profits.
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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