Rehana works in the fruit and vegetable market to support her family financially. She sells vegetables and seasonal fruits there to contribute financially to her family.
Her husband sells milk; he has been in that business for the past ten years. He puts milk in milk jars and uses his motorbike to deliver it to door to door.
Rehana has applied for a loan from Asasah for her husband, who wants to buy a buffalo to increase milk production. She is very confident that a new young buffalo will be a great addition to the business of her husband and he will be able to sell a larger quantity of milk, which will obviously makes him more income.
Rehana has a plan to construct a room for the cattle so her husband keeps his buffalos in there. She is hopeful that increased profits will help her achieve her plan to keep the buffalos safe from heat and rain.
She is a regular user of Asasah. She is in her 3rd loan cycle and has always paid installments on time and proved to be a very responsible client.
Note: In this photo, Rehana is showing her vegetables happily.
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