Safia bibi is a 46-year-old married woman and by this relationship, she has three children who are now grown. Safia runs a business of selling blankets & clothes. She purchases these items from different cities and sells to her community areas and to different shops of the markets.
She does this work to supplement the income of her family. Her husband is an employee in a private firm and on a monthly wage.
Safia has requested a loan from Kiva partner Asasah for her own business. She will utilize the loan in buying of clothes and blankets in larger quantity for reselling.
She is hopeful that her business will earn her better profits after investing the loan into it.
Note: In the picture, one of the members is showing her toys selling business.
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.