Rashda is a very responsible and kind-hearted lady. She does sewing work to meet the living expenses of herself and her children. She does this work because she doesn't want to become a burden on her brother. Her brother runs his own grocery store in the community market and earns income. He has been in this business for over 5 years.
Rashda has applied for a loan from Kiva partner Asasah for the further expansion of her brother’s business. He will invest the loan in the buying of groceries in bulk to be able to put in his store for selling. Rashda is very confident about the store's further expansion after the loan investment.
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