Surriya is the mother of three children. Her children work with their father in his business making chicken feed. Chicken feed has high demand in the market. Most of his customers are poultry farm owners of the city, who purchase the feed from him regularly. Surriya supports her husband by selling clothes. She offers a good variety of clothes to her community clients and earns reasonably good income every month.
Surriya has applied for a loan from Kiva's partner, Asasah, for her clothes selling business, because she is facing low stock problems these days. With the loan investment, she will buy clothes in bulk and of better variety that will allow her to target a larger number of clients and increase her sales and profits. She has been operating her business for the past many years and is very confident that an investment will be productive for her.
In the photo, the lady holding a book (an Asasah passbook) is Surriya.
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.