Shakeela is 43 years old, married, and has three children, two of whom attend school. Her husband is a laborer while she supports her husband by doing sewing works. She has great skills in preparing beautiful looking clothes and earns a reasonably good income every month.
She is requesting a loan from Asasah, which she will use to buy a new sewing machine. She will be able to complete her orders on time and increase her profits.
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.