Her husband sells wheat at the local market. He is very fair with his clients in his dealings and sells high-quality wheat. Rukhsana has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan funds, he will buy wheat in larger quantities, which will allow him to provide better-quality wheat in larger quantities, thus allowing him to earn more profits.
Rukhsana is confident that her husband will become more successful in his business after the loan investment. He has been operating his business for many years and Rukhsana has full confidence in him.
She is a new loan applicant through Asasah.
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