Khursheed has 2 sons, her eldest son is married and is a master tailor. He is a specialist in sewing men's trousers and pants. Her youngest son works in a private organization for a low income.
Khursheed has applied for a loan from Kiva partner Asasah for the further expansion of her milk selling business. With the loan, she will buy another buffalo that will not only help her to add to the asset for her business but also allow her to provide a larger quantity of milk to her clients and increase her sales and profits. She is very experienced in her business and has been operating it for the past 15 years.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Khursheed.
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