She has applied for a loan from Kiva partner Asasah for the betterment of her animal sales business. She has been doing this business for many years and has maintained a good clientele base. She buys animals from the animal market and sells to the butchers at a profit. With the loan, she will purchase goats in good numbers and increase her sales. She is very confident that her business will improve further after the loan investment.
Note: In the photo, the lady with a book (called Asasah Passbook) is Sardaran.
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