Safia Bibi's Group
Safia herself is also very supportive. Besides managing her household responsibilities, she also financially supports her family by operating a clothing business. She is an expert in her business and has been doing it for more than 10 years. She buys clothes from different places, which she sells to her customers to earn a profit. The profit she earns enables her to pay for utilities.
Safia has requested for a loan from Kiva partner Asasah for her clothing business. With the loan, she will buy clothes of different varieties in larger quantities to resell. She is very confident about expanding her business after a 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