Sajida Bibi's Group
Sajida and her husband are both very helpful and supportive of each other. Her husband also helps Sajida in her household works. Sajida has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy young animals (goat and buffalo) to raise and sell. Sajida is very sure about the business growth of her husband's business after the loan investment.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Sajida 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