Sadaqat is the mother of 3 sons. Her eldest son has a business of making artificial jewelry, while her second son is a butcher. Her third son is free nowadays.
Sadaqat has applied for a loan from Kiva partner Asasah for the further expansion of her husband's business. With the loan, her husband will buy paper and gum, in bulk, for making larger quantities of paper envelopes and increase his sales and profits. Her husband has been operating his business for the past 15 years and is hopeful that an investment will bring positive changes to his business and improve the living standard of the family as a result.
Note: In the photo, the lady raising her hand is Sadaqat.
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