Bilqees is married and has 8 children, three of whom are studying while the others stay at home and don’t do anything. Her husband operates a food sales business, selling traditional food called dhahi bhaley, which is a very popular local food made of yogurt, spices, and potatoes.
Bilqees has supported her husband by operating a sewing business for many years and now has great skills in her work with the passage of time. She has applied for a loan from KIVA partner Asasah for her husband’s business. He will use the loan to buy potatoes, spices and other ingredients so he can prepare dhahi bhaley in larger quantities and of better taste. Bilqees is confident that her husband will be able to earn more profits from his business by offering better quality food to his clients.
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.