Her husband has a dairy business. For this purpose, he keeps some buffaloes at his home. The buffaloes give him a good quantity of milk, which he sells to different milk vendors in order to earn a good profit. Suraiya helps her husband in getting milk from his buffaloes. They both get up early in the morning and work hard to improve their financial condition.
Suraiya is the mother of four sons. All of them are young and do different kinds of work to contribute financially to the family. Her eldest son is an ironsmith. The next oldest helps his father in his dairy business, and the other two work in a brick furnace and manufacture bricks.
Suraiya has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, her husband will buy another buffalo for his dairy business. The additional buffalo will help him increase the milk quantity, and his income as well. Suraiya is a regular user of Asasah, and this is her third loan application. In previous loan years, she responsibly paid her installments and attended every meeting.
Note: In the photo, the lady holds a book (called Asasah Passbook) in her hands is Suraiya.
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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