Rukhsana is married and her husband operates a grocery store in their home, selling daily-use items like spices, sugar, cooking oils, etc. Rukhsana is the mother of a young son who also works.
Rukhsana provides support to her husband in her free time. She helps him operate his grocery store and serves his clients. She is requesting a loan from Kiva partner Asasah for her husband, who, with the help of the loan, will purchase groceries in bulk, which will allow him to fulfill client orders on time and increase his profits.
Rukhsana's husband has been operating his business for 10 years, and Rukhsana is hopeful that an investment will help him make his business more profitable.
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