Najma has requested a loan from Kiva partner Asasah for the expansion of her husband's fruit-selling business. With the loan investment, he will buy fresh seasonal fruits to sell to his clients. He is an honest businessman. He shows very good behavior with his customers and offers them a variety of fruits with good in quality at very reasonable rates. Najma is hopeful that his business will be improved further after the loan investment.
Najma is also a very supportive person. She works for her community clients as a seamstress. She is very skillful and receives regular orders every month.
She has five children. Three of them are studying while the others do different kinds of work to financially contribute to the family.
She is hopeful about her family's better financial future as the result of the improved business of her husband.
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.