Allah Rakhi's Group
She is the mother of five children: four sons and one daughter. Her daughter is the youngest one among the brothers. Her eldest son works in a factory.
Allah Rakhi’s husband is a rickshaw driver. He offers his driving services to the passengers by dropping them at their destinations. He has set the fare route wise which is very affordable for his passengers.
Allah Rakhi has requested for a loan from Kiva partner Asasah for her own business. With the loan, she will buy unstitched clothes to sew so she can start selling the stitched clothes along with her sewing business.
She is very much confident about the positive start up of her new activity with this loan investment.
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