Rani sews clothes for her neighboring clients and earns income by fulfilling her orders on time. She also sells fertilizer and seeds to the farmers and to different shops in the markets to increase her income. She does this work to support her husband financially.
Rani's husband is a mason by profession. His income is not permanent because he sometimes gets work and sometimes not. Rani is the mother of five sons who are 13, 11, 9, 7, and 5 years old.
With this loan, Rani will purchase fertilizer and seeds in larger quantity in order to increase her sales and earn better profits. She is hopeful that the loan investment will expand her business and improve her family’s well-being.
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