Sughran is a housewife and does her houswork. She is very active and performs her duties very well. She cooks food for the family and keeps her home clean.
She has applied for a loan from Kiva partner Asasah for her son who operates an eggs sales business. Eggs sales increase in the winter season because this is an good food item that stays fresh in the cold.
With this loan, he will buy eggs in bulk quantity and will supply them to different grocery shops in the market to earn profits.
He is relatively new to his business and working very hard. Sughran is hopeful that an investment will help him get established in the business.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Sughran”.
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