Nusrat has applied for a loan from Kiva's partner, Asasah, for her decorative embroidery business. With the loan, she will purchase beads, thread and embroidery frames to make better looking embroidered clothes and increase her profits. She is very skillful and receives regular orders every month. She is confident that by purchasing embroidery material in bulk, she will be able to improve her business and income.
Nusrat's husband is a furniture manufacturer and her two sons also work with him. Her daughters remain at home and help Nusrat with her routine tasks. Nusrat is a very hardworking lady and has lots of confidence in her abilities. She is very sure about her business success after investing the loan in it.
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.