Zuhran Bibi's Group
Zuhran is a caring lady, carrying out her responsibilities as a housewife. She makes the utmost effort to provide comfort to her family by fulfilling their needs. Zuhran has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy milk to make yogurt in larger quantity to put in his shop for selling.
She is hopeful that after investing loan money in his business, he will be able to make more sales and earn better income.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Zuhran bibi.
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