Her husband, S. B., works in the fields to earn a profit for his family. He is the only breadwinner. He produces wheat in his field. By putting much efforts in growing the wheat, he is able to generate a good income. It is not easy to work in the scorching heat all the day but her husband is a hard worker and doesn’t care about the weather.
Sugran has applied for a loan for the third time from Asasah for her husband. With the loan he will buy seeds and fertilizer for his fields. She is hopeful that this investment will help her husband get better results from his field which will result in increased profit. With her previous loan, Sugran has maintained good a credit rating and never missed a single meeting.
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