Shaheen has applied for a loan from KIVA partner Asasah for her husband’s business. He packs and sells spices. He has good number of business contacts and earns reasonably good profits from his business every month.
With this loan investment, Shaheen's husband will buy different spices that he will pack and then sell to different shopkeepers and grocery store owners for profit.
Shaheen is a seamstress. She sews clothes for her neighboring clients. She has good sewing skills and receives regular orders every month. She has given birth to 4 sons and 2 daughters. Her second son is a salesman, while three of her remaining children are getting their education. Shaheen is hopeful that her husband will make good use of the loan money and increase his income.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Shaheen.
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.