Kaneezan herself is a housewife who stays at home and does her household responsibilities. She has given birth to a son who is nine years of age.
Using the loan, her husband will purchase fertilizers, seeds and pesticides etc. to get maximum output from his work and increase his profits.
Kaneezan is hopeful that an investment will bring more profits to her husband and she will be able to provide better living facilities to her son. She is a regular loan user of Asasah and this is her 2nd loan application. In the previous loan year, she has established a good credit behavior and never missed any 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