Her husband is also a fruit seller and sells fresh quality seasonal fruits to his customers.
Zahida has applied for a loan from KIVA partner Asasah for her husband, who wants to improve his business. With the loan investment he will buy different fresh seasonal fruits such as bananas, apples, and oranges in larger quantity. That will enable him to make more sales and earn a better income.
He has been operating his business for many years and Zahida is confident about his business success as a result of the loan investment.
Note: In the photo, the lady raising her hand is Zahida.
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