She is a very caring and hardworking woman; she carries out her responsibilities of a housewife well and operates an animal sales business at her home. She purchases animals from the animal markets, raises them up, and sells them to customers for a profit. In this way, she generates income for the family that helps her pay the education fees for her daughters.
She has applied for a loan from Kiva partner Asasah for her animal sales business. With the loan, she will buy animals like goats and buffalos, and sell them at a profit. She is hopeful that this investment will further grow her business and she will be able to manage her household expenses better as a result. She is a regular loan user of Asasah and this is her third loan application. In previous loan years, she has maintained good credit behavior and never missed any meetings.
Note: In the photo, the woman with a raised hand is Razia.
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