Surriya lives in Khanewal, which is a small city located in the Punjab province of Pakistan, famous for its agriculture. She's been living in a two-room brick house with her family in the Shanti Nagar area for the past many years.
Surriya has applied for a loan from Kiva's partner, Asasah, to improve her husband’s business. With this loan, he will buy fertilizers, seeds and pesticides for his field to get good crops. Surriya has a lot of confidence that her husband will be able to earn good profits after the loan investment. She is a regular loan user of Asasah and this is her fourth loan application. In her previous loan years, she has maintained good credit behavior and attended every meeting. In the photo, the lady holding a book (an Asasah passbook) is Surriya.
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