In order to financially support her family she sells milk. She has two cows and a buffalo at her home. She takes care of them and milks them every day. Most of her clients are her community members.
Her husband’s name is M. A. and he is a farmer by profession. He grows different seasonal crops and earns good profits after selling them.
Mureedan has applied for a loan from Kiva partner Asasah for her husband’s agriculture business. Through the loan, he will purchase fertilizers, seeds and pesticides to grow good quality seasonal crops and to increase his profits.
He has been operating this business for the past 10 years and Mureedan is confident that the loan investment will further improve his business.
She is a regular loan user of Asasah and this is her second loan application. In the previous loan year, she established a good credit behavior and attended every 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.
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Success!! The loan was 100% repaid