Allah Rakhi's Group
Allah Rakhi is a housewife who stays at home and does her household responsibilities. She is very active and works very hard to provide comfort to her family. Her husband sells cooking oil and chilies.
Allah Rakhi has applied for a loan from KIVA partner Asasah for her husband, who will buy chilies and cooking oil in bulk quantities that will allow him to sell in larger quantities and increase his profits. He has been operating his business for many years, and Allah Rakhi is confident that an investment will help him to make his business more profitable.
Note: In the photo, the lady holding a book (called the Asasah Passbook) is Allah Rakhi.
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