Ghulam Sakina's Group
She is 44 years old, and is married to M. A. who works in the fields. He grows different seasonal crops throughout the year. He works very hard day and night to get output from his fields. He also has a buffalo, whose milk he sells to his neighboring clients.
G. sakina supports her husband financially by providing sewing services. She also helps her husband in his milk selling business by taking care of the buffalo. She is the mother of 2 sons and 2 daughters. All of them are enrolled in school and getting their education.
She has applied for a loan from Kiva partner Asasah for her husband, who wants to buy some fertilizers and seeds to produce good crops in his fields.
G. is hopeful that her husband, who has been doing this business for the past 6 years, will successfully be able to gain maximum output after this loan investment.
She is a regular loan user of Asasah and this is her second loan application. In her previous loan year, she has proved herself as a responsible client who has paid her installments on time and never missed a single meeting.
This is a group loan. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.
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