With the loan investment, she will buy a dairy cow to get a larger quantity of milk. This will help her selling milk in larger quantities and increase her income.
She is very experienced in her business and has been operating it for the past many years. She is confident that her business will improve after the loan investment and it will help her family to live a better financial life.
Katheriane also performs her duties very well along with her business. Her husband is a farmer by profession. He is a very hard worker and work 8-10 hours a day. Katheriane has given birth to two sons and a daughter. All of them are getting their education. She is hopeful about her family’s bright future as a result of an investment.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Katheriane.
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