Her husband is involved in an agriculture profession. He is basically a farmer and works in the field. He grows different seasonal crops and sells to the required customers for profit. Nazeeran has applied for a loan from Kiva partner Asasah because her husband wants to buy farming supplies such as pesticides, seeds and fertilizer for the further expansion of his business.
She is confident that an investment will help her husband get better crops and earn more profit.
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