Misbah, aged-36 years, is married and has three children. All of her children are getting an education. To be able to afford the education expenses of her children, Misbah does sewing works. She wants to give her children a good education so they can secure their future and make their parents proud. Misbah works with great dedication and her family respects and loves her a lot for her efforts.
Misbah's husband is a carpenter by profession. He makes furniture on orders and generates income for the family. Her brother in law also lives with her family and he is involved in a sweets sales business. His products are very famous amongst children. He sells Gachak (made with sugar and topping of almonds, peanuts) and sweet noodles. He makes good sales from his products.
Misbah has applied for a loan from Kiva partner Asasah for her brother in law’s business. He will invest the loan in buying required material such as sugar, cooking oil, dried fruits, etc. in larger quantities for making the products of better a quality to sell.
Misbah is hopeful that her brother in law’s business will become more fruitful after the 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.