Sheema is 44 years old, married and a mother of 5. Her 2 older sons work in a factory while others study in a nearby school. Sheema is a very hard working lady and operates a grocery store at her home. She sells spices, cooking oils and other grocery items at low rates to clients in her community.
Her husband has a job. However, his income was not enough for the whole family, which is why Sheema started her business. She has developed a good reputation in her community for her customer dealings and good quality services. She is very experienced in her business and has been operating it for several years.
Sheema has applied for a loan from KIVA partner Asasah for her grocery business. With the investment, she will purchase grocery stock like sugar, spices, cooking oils etc in bulk, which will allow her to fulfill her client orders on time and earn higher profits. She is confident of her store's success after investing the loan. Note: In the photo, Sheema is the lady holding a book (called Asasah Passbook).
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.