Hakim Mai's Group
Hakim Mai's husband is a farmer by profession and is involved in the agriculture business. Besides growing seasonal crops in the field, he also operates an animal-sales business. He keeps goats and buffalo, and sells their milk to generate additional revenue.
With this loan, her husband will purchase a buffalo so he can sell its milk to more clients and generate a good income. She is hopeful that the loan investment will help expand her husband’s business and improve her family’s well-being.
Note: In the photo, the lady holding a book (called "Asasah Passbook") is Hakim Mai.
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