Sabran is 45 years old, and sews clothes for her neighboring clients in order to share the financial burden with her husband. She is very skillful and has a good business sense. She receives regular orders every month which earns her a reasonable income. Sabran is the mother of two children, both of them are enrolled in local school and are getting their education.
Her husband is a milk seller. He operates his business from the shop from where he sells fresh quality milk to his customers at reasonable rates. Sabran has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, he will buy milk in larger quantities for selling. He is very experienced in his business and operating it for the passed many years. Sabran is hopeful that a loan investment will be more productive for his business.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Sabran.
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.