Her husband collects orders from different shops and Rukhsana and her family complete them on time.
These days, her husband has a large number of orders to fulfill, and he needs money for buying paper and glue in bulk quantity. That’s why Rukhsana has applied for a loan from Kiva partner Asasah. Rukhsana is very hopeful that her family business will be improved a lot after investing the loan into it.
Note: In the photo, the lady raising her hand is Rukhsana.
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