Her husband has a livestock business. He purchases goats and sheep in their young age, grows them up and sells to butchers and on Eid for profits.
Zubaida is the mother of a son; she is a good housewife and a very caring mother.
She has applied for a loan from Kiva partner Asasah for further expansion of her husband’s business; with the loan, he will buy goats and sheep in larger numbers and then sell them for profits after growing them up.
Her husband is an experienced person and has been in his business for many years. Zubaida is hopeful that after the loan investment, he will successfully be able to upgrade his business and increase his profits.
She is a regular loan user of Asasah and this is her second loan application. In her previous loan year, she has established good credit behavior and never missed a meeting.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Zubaida.
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