Ayesha Bibi's Group
Ayesha’s husband is a cobbler by profession. He makes shoes on order. His work is home based. He gets orders from different shoe factories and shoe shops and meets them on time to generate income for the family.
Ayesha has requested a loan from Kiva partner Asasah for the further expansion of her husband’s business. With the loan, her husband will purchase leather, nails and a shoe polisher in larger quantities for finishing the orders and to earn maximum profits. Ayesha is hopeful that her husband’s business will be expanded further after the loan investment.
Note: In the photo, the lady holding a book (an Asasah Passbook) is Ayesha 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