She has a business of animal selling. She purchases animals from the animal market, grows them up, then sells them to earn a profit. Recently, she started embroidery work to earn money for buying animals.
She is saving money from her earnings through embroidery, but she has still a shortage of money needed to buy animals. She is applying for the loan to cover that cost.
She is hopeful that with the help of the profits, one day she will be able to send her younger children to school.
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.
211View loans »
Success!! The loan was 100% repaid