Her husband’s economic mainstay is selling potatoes. He mainly sells potatoes. He purchases potatoes in bulk quantity from the vegetable market and sells to customers who require them. Potatoes are one of the vegetables which everybody likes to eat and they are used in most dishes. So he gets good customers which earns him good income.
With this loan, her husband will purchase potatoes in larger quantity for re-selling. He has been operating his business for over 15 years and Bilqees is confident that he will be able to improve his business a lot after the loan investment.
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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