She is married to R. A., who has a dairy business. He keeps some buffalos at home to get milk from them for selling to his customers. Maqsoodan helps him in getting milk and in taking care of his buffalos.
She has 3 sons and a daughter. Two of them work and the younger ones attend school. Her eldest son works in the fields as well as work in a factory. The one next to him also works in a factory for a meager income. They contribute to their family financially from their earnings.
Maqsoodan 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 to serve more customers and to earn more income.
She is a regular loan user of Asasah and this is her 2nd loan application. In her previous loan year, she has built good credit behavior and never missed any meetings.
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