Zahran is requesting a loan from KIVA partner Asasah to improve her enterprise through the purchase of beads, colored threads and sketches in quantities that will allow her to produce more attractive embroidered clothes and increase her profits. She will also buy a variety of shawls to sell.
Very experienced in her business, Zahran is confident that the loan will help her earn more profits.
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