She also provides full support to her husband in his animal business. She takes care of the animals and keeps their living space clean.
Her husband wants a loan for the expansion of his business. With the loan he will buy goats and sheep and sell them after they become healthy and grown.
He has operated his business for the past many years. Razia is very hopeful that the loan will help her husband’s business to become more successful.
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