She has applied for a loan from Kiva partner Asasah to buy another buffalo to expand her milk selling business. The additional buffalo will not only become an asset for her business but also increase her profits in future.
She has many years of experience in her business and hopeful that an investment will bring positive changes to her business. Her elder son is 27 years old and she hopes that she will be able to marry him off in the near future with the help of increased profits.
She is a regular loan user of Asasah and this is her 4th loan application. In previous loan years, she has maintained a good credit behavior and never missed any meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Sughran.
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