She is a 35-year-old lady who gave birth to 2 sons and 2 daughters. Only her daughter is able to get an education and is studying in 3rd class. Her elder son operates his own business and the younger one works in a factory.
Her husband has a business selling fruits and vegetables. His shop is located in the market from where he operates his business. Zahida herself is a seamstress. She works fulltime, receiving orders from her neighboring clients and sewing beautiful clothes to earn an income for the family.
Zahida has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy more seasonal fruits & vegetables to sell through his shop. He has been doing this business for over 20 years and Zahida is hopeful that after an investment, her husband’s business will grow further and make him larger profits.
She is a new loan user of Asasah and this is her first loan application.
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