Rahila's husband is a rickshaw driver. She supports her husband by operating a clothes-sewing and embroidery business.
She has applied for a loan from Kiva partner Asasah. With the loan, she will buy clothes and embroidery materials for making better-quality embroidered clothes.
Rahila is very hardworking. She is confident that her business will grow more successful and that she will be able to improve her income as a result of this loan investment.
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