Safia Bibi's Group
Safia works as a seamstress at her home. Along with her main job, she is actively involves in her household works. Her husband operates a pesticide selling business. He mainly sells his products to the farmers, who buy pesticides from him for their lands. He has been running his business for many years.
Safia is requesting a loan from Kiva partner Asasah for her husband’s business. He will use the loan in buying pesticides in bulk quantity to be able to fulfill the larger orders of his customers and increase his profits. Safia is hopeful that the loan investment will bring positive financial changes to her husband's business and her family will use the increased income for their well being.
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