Sharifan Bibi is a 41-year-old, kind, and responsible woman. She sells flour to different grocery stores in her community at reasonable prices. Her husband works in a private organization for a meager income. He also supports Sharifan in her flour-selling business by delivering orders to her customers.
Sharifan is the mother of four children: two sons and two daughters. Her sons are professional cobblers. They make shoes on order and financially contribute to the family with their earnings.
Sharifan is requesting a loan from Kiva partner Asasah for her flour business. She intends to use the loan to buy wheat in larger quantities, from which she will make flour to sell. She is hopeful that her business grow further 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.