Her husband runs a dairy business from their home. Haleema helps him with milking the cow. They both get up early to milk the cow, then after A. M. has gone into the community to sell the milk Haleema stays home to do the domestic chores and take care of the family. Haleema is requesting a loan to buy another dairy cow to expand their milk-selling business.
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