Kusumalatha is another member of Indunils group. She is 48 years old, married and living with her husband. They don't have any child. Both husband and wife are running a business together. They want improve their business and so will buy some materials for designing dresses with their loan.
Demor is the another member of same group. She is 28 years old, married but living alone. Her husband is a migrant worker living outside the country. Right now, Demor has 20 poultry birds and is running a small poultry business. She wants to develop this business more and so she is dreaming of employing other people in her business. She dreams of being a successful business women and so she is working hard for that.
Manoratna is the another member of same group. She is 40 years old, married living with her husband. She has two children who are married and living on their own. Her husband does not have regular job, so she is the one who has to provide for both of them. Manoratna is also a tailor and needs support to run her business so she can live a happy and poverty free life with her husband.
Kanty is also a member of this group. She is 58 years old and married living with her husband. She has three children. Two of them are living on their own and one is living with her. They have their small food processing business to maintain their family's livelihood. They make different type of local snacks and sweets. Kanty needs this loans to develop her business, so she can take of her family and her daughter's education.
Important InformationDue to Sri Lanka’s central bank regulations, there is a chance that you may not receive repayment on this loan for up to 12 months after the repayment has been collected by the field partner. Bank regulations in Sri Lanka stipulate that US Dollars cannot leave the country for 12 months. However, Kiva’s net billing system, under normal circumstances will allow for more timely repayment. For more information, please visit BRAC Sri Lanka’s Field Partner page (accessible on the right side of this page).
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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