Her eldest son runs a barber shop in the market. The next oldest attends the 5th grade class. She is unable to provide educational facilities to her remaining children due to her poor financial situation.
Her husband operates a dairy business. For that purpose he has kept some buffalos at home. Khursheed also provides help to her husband in his business by taking care of his buffalos. She gives them food and water on time and keeps their place clean so they never catch by any diseases.
She has applied for a loan from Kiva's partner, Asasah, for her husband’s dairy business. With the loan, he will buy another buffalo that will help him to increase the productivity of milk and fulfill his customers' high demand on time. He has been doing this business for over 10 years and Khursheed is hopeful that her husband will successfully be able to increase his income by expanding his business.
She is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has paid her duties responsibly and attended every 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