She is very supportive in nature and has applied for a loan from KIVA partner, Asasah, for the further improvement of her husband’s shoe-making business because he has a large order to fulfill.
With the loan investment, he will purchase shoe laces, leather and other raw materials in larger quantity. That will allow him to complete the larger orders on time and earn him more profits.
He is very experienced and has been operating the business for the past many years. Robina is hopeful that an investment will be a productive one for him and will increase his profits.
Robina is a new loan applicant and hopes that it will be a profitable experience for her.
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