In order to support her family financially, she sells goats and sheep to butchers on order. She purchases these animals from the animal market when they are young. She grows them up by providing them food and then sells to butchers and during the EID festival.
She also operates a clothes-sewing business. She learned the art of sewing from her mother before marriage and now she earns reasonably good income by utilizing her skills.
She has applied for a loan from Kiva partner Asasah for the further expansion of her animal sales business. With the loan investment, she will buy goats and sheep for selling.
She has been operating her business for many years and is very confident that an investment will help her improve her business further.
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