Robina is also a very good housewife and does her household responsibilities and also takes care of her children very well. She has applied for a loan from Kiva partner Asasah for the further expansion of her grocery business that will allow her to fill the needs of her customers and increase her profits.
She has been operating her business for the past two years and is confident that an investment will be profitable for her and help her establish her business. She is a new loan applicant and very hopeful about her business future.
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