Rashida is a housewife. She stays at home and does her household responsibilities. She is a very responsible person and her family is very happy with her efforts. She has given birth to 5 children, none of them could get an education due to financial constraints. Rashida wants to send her younger children to school and she is confident that she will be able to do so once her husband’s business gets improved.
Note: In the photo, the lady holding a book (Called Asasah Passbook) is Rashida.
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