She is a happily married woman with three children. All of her children are educated and involved in different work. Her second son sells natural herbs. He operates a shop in the community where he deals with his customers. He has obtained a good reputation among his clients due to his high-quality herbs and knowledge about them. He has been managing his business for more than two years.
To improve the finances of the business, Ameeran is requesting a loan from Kiva partner Asasah. Her son intends to use this loan to purchase natural herbs to resell in his shop. She is hopeful that the loan investment will bring positive financial changes to his business.
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