Bilquis Bibi's Group
Bilquis herself is involved in animal sales business. Her work is home based. She raises young animals and sells to the required customers. Her work earns her good income which she utilizes to pay off the utilities.
She has applied for a loan from Kiva partner Asasah for the improvement of her animal sales business. She will invest the loan in buying of (buffalo) for selling.
She is sure that her business will return her good profits after investing the loan into it.
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