Rozina’s aspiration is to grow her business to a larger scale so she can transform her family’s living standard from good to better and generate more revenue. Therefore, she has requested a loan from Kiva partner Asasah for her business. With the loan, she will purchase cloth, beads, and thread in larger quantities to be able to make new designs of clothes for selling and generating more revenue.
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.
274View loans »
Success!! The loan was 100% repaid