She has applied for a loan from Kiva partner Asasah to boost her husband’s business selling animals. Using the loan, he will purchase young animals such as goats & sheep, raise them and sell them to his customers at a good profit. He started this business six years ago by purchasing very few animals and sold them at a profit.
Khursheed is confident about the positive growth of her husband’s business and about the better financial future of her family as a result of an investment.
She has given birth to two sons. Her elder son is studying while the younger one who is 7 years old stays at home.
She is a regular loan user of Asasah and this is her 3rd loan application. She has maintained a good credit record in every loan year.
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