Robina is the mother of two sons and four daughters. Her elder son has a business selling animals. He buys young animals, raises them and sells them to butchers and other people. Robina also helps her son handle his business. She takes care of his cattle and gives them timely food and water. Her remaining five children are enrolled in a local school and getting their education. Robina is very concerned about their education. She wants them to complete their education and become successful in their lives.
She has applied for a loan from Kiva partner Asasah for the expansion of her son’s business. With the loan, he will buy animals like goats and sheep to sell for profit. He has been operating this business for the past five years and is confident that a loan investment will help him to increase his profits. She is a new loan applicant of Asasah and this is her first loan application.
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