Khalida's husband sells peanuts. He purchases them at wholesale prices and sells them for a profit from his shop. He is a very hardworking person who works with great dedication to fulfill the needs of his family. Khalida has applied for a loan from KIVA's partner, Asasah, for her husband’s business. He will use the loan to buy peanuts in larger quantities and of better quality, which will allow him to sell for higher profits. He is very experienced and knows the ups and downs of his business very well. Khalida is confident that an investment will help him make more income for the family.
Note:In the photo, Khalida is holding a book (called Asasah Passbook).
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