Jamila Bibi's Group
Her husband is a very resourceful man who engages in a fruit selling business. This is an activity he has been engaged in for over 12 years.
He is a very active person. In his working experience, he has obtained a good reputation among his customers. His customers come to him to buy delicious fruits.
Jamila is a very responsible and honest lady. She stays at home and does her household responsibilities. She provides comfort to her family by fulfilling their needs.
She has a great desire to see her husband’s business be in a more profitable position. Therefore, she has requested a loan from Kiva partner Asasah for her husband’s business.
He will use this loan to buy fresh seasonal fruits for reselling.
Note: In the photo, the lady raising her hand is Jamila bibi.
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