She is a very kind lady. She stays at home and manages the domestic chores efficiently. Her husband is involved in a livestock business. He purchases the animals, takes care of them and then sells them. Maqbool helps him by taking care of the animals. She gives them proper food and water.
They have two sons and three daughters. Their daughters are enrolled in a school and are getting an education. Their sons are drivers by profession and drive auto-rickshaws (local three-wheeled motor vehicles) and generate income for the family.
Maqbool has successfully repaid two loans to Asasah. Now she is applying for the third time to purchase the animals to expand her husband’s 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