Khalida is 52 years old and married to M. S., who is a farmer. He works in the fields, growing different crops. After cultivating the crops, he sells the produce to customers. To share the family's financial burden with her husband, Khalida sells milk to her community clients. She keeps a buffalo that she milks early each morning and customers come to her home to purchase the milk.
She has applied for a loan from Kiva partner Asasah to improve her husband’s business. With the loan, he will purchase fertilizer, seeds and other supplies to get the maximum output from his fields. He has been in this business for the past five years and Khalida is very hopeful that he will be able to expand it after the loan investment.
Khalida is a regular loan user of Asasah and this is her second loan application. In her previous loan, she established good credit and never missed a 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.
272View loans »
Success!! The loan was 100% repaid