Her husband’s name is M. S. and he is a farmer by profession. He owns a little piece of land where he grows different seasonal crops. He then cultivates them and sells to different shops and people for profit. His land is very fertile and he gets good crops from it every year.
Abida is a housewife who stays at home and does her household responsibilities. She is a very active lady and is raising her children with great care.
She has applied for a loan from Kiva partner Asasah to improve her husband’s business. By utilizing the loan money he will buy fertilizers and seeds to grow even better crops and make more profits.
She is very hopeful that her husband will be able to get maximum results from his agriculture business after making a loan investment into it.
She is a new loan applicant and this is her first loan application to Asasah. She is hopeful that it will result in improving the financial condition for her family.
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