She is the mother of four sons and two daughters. All of them are getting their education and studying in different classes. It is very difficult for Zarina and her husband to afford their children’s education. Her husband is barely able to fulfill the family's basic needs. Therefore, Zarina has applied for a loan from Asasah for her husband’s business.
With the loan, he will buy more chickens to fill larger orders, particularly during the wedding season. Zarina is hopeful that her husband will be able to upgrade his business. He has been in this business for the past fifteen years and has vast experience in this field.
She is a regular loan user of Asasah, and this is her 3rd loan cycle. She has proven to be a responsible person in her previous two years of loan experience.
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