Robina is 27 years old, married and has two daughters and a son. All of her children are enrolled in local school and getting their education. She is a housewife as well as a working lady and sells clothes to her neighboring clients. She knows about the latest trend in fashions and sells good quality clothes to her clients at very reasonable rates. Her husband is a mason and constructs buildings.
Robina has applied for a loan from KIVA partner Asasah for further improvement of her husband’s business. With the loan investment he will buy tools and cement etc. in larger quantity to provide better quality services to his clients and increase his profits.
He has been operating his business for many years and Robina is confident about his business success after investing the loan.
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.