Anarkul Saypidinova’S Group
Anarkul has three sons and two very sweet daughters. Her husband is a teacher at the local technical school. Because Anarkul has a large family, she works hard to feed and raise her children.
The other three members of Anarkul’s loan group are also occupied with livestock breeding. Mostly they breed sheep, cows, hens and geese. Kulsayra, Halisa, and Kulkayir are married and have children, most of whom are graduating from primary and secondary schools this year and need to continue their education. All the women hope to increase their family budget by selling the livestock products so they can pay for their children’s education.
They say that “no matter that will happen tomorrow in the world, they will be always protected, because the livestock is their only hope and support.”
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