She is married to S. who is a farmer by trade and involved in agriculture. He grows different seasonal crops and sells them to his clients after harvesting, for a profit.
Salamti has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy fertilizers, seeds and pesticides, etc. to grow crops and earn better profits.
He has been operating this business for the past eight years and Salamti is hopeful that an investment will help him getting maximum profits from his hard work.
Note: In the photo, the lady with a book (called Asasah Passbook) is Salamti.
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