Hamidan Bibi's Group
Hamidan and her husband are both very hardworking people. They help each other manage the finances of the home. Hamidan sells vegetables while her husband works in the transportation business.
Hamidan’s business is home-based. She sells vegetables in a cart near her home's front door. Her clients are community members who buy vegetables from her. She sells fresh vegetables at reasonable rates. Her clients prefer buying from her due to the excellent service she provides.
Hamidan has applied for a loan from Kiva partner Asasah for her vegetable-sales business. With the loan investment, she will buy fresh seasonal vegetables to sell.
She is very hopeful that the loan investment will bring positive financial changes to her 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.
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Success!! The loan was 100% repaid