She is a multi-business owner. She also sews clothes for her neighbors. With the loan, she will buy animals like goats to sell to butchers after raising them.
Her husband also has an animal sales business. Both Khursheed and her husband started this business 15 years ago and now have a vast knowledge in their field of work.
She has given birth to 3 daughters and a son. Due to financial constraints, she couldn’t provide an education for their children. All of them stay at home and provide support to their parents in their businesses.
Khursheed is very confident that, after the loan investment, she will be able to increase her profits and improve the living standard of her family.
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