She is married to M. S. who is in the animal-sales business. He purchases animals when they are young, raises them and sells them for a profit. He has been in this business for many years and has a good number of clients in his area. Most of his clients are butchers who buy animals from him to sell as meat.
Rehana has given birth to two sons and two daughters. Her eldest son works in a factory while the others are getting their education by attending local schools. She has applied for a loan from Kiva partner Asasah for her husband who wants to buy some goats for the further expansion of his business.
Rehana is hopeful that after investing loan in his business, her husband will be able to expand his business and earn more profit. She is a regular loan user of Asasah and this is her 4th loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Rehana.
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