Her husband also a mechanic at a bus station and she helps him support the family financially by selling sheep and goats. She purchases them from the animal market and sells to butchers and people for the EID (important Muslim occasion) after raising them.
EID season is near and Rukhsana wants to buy some goats to sell. For this purpose, she has applied for a loan from Kiva partner Asasah.
She has been operating her business for the past 10 years and hopes that an investment will bring good profits to her and she will be able to send her youngest son to school for education.
She is a new loan applicant and very confident about her business growth.
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