Kosar has applied for a loan from Kiva partner Asasah for her husband who is a driver by profession and provides transportation services to his clients. He is an expert driver and drives his vehicle very carefully. With the loan he will repair his vehicle as its engine is causing problems and needs repair works urgently. By repairing his vehicle he will be able to provide better quality transport services to his clients and will also be able to save his valuable business asset.
Kosar is a mother of four sons, tow of them works as laborers while the third one is a master tailor. Her youngest son stays at home and looking for work these days. Kosar is very supportive and sews clothes for her neighboring clients on order. The income she earns helps her pay her utility bills.
She is confident about her husband’s business success after the loan investment.
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.