Tasleem Kosar's Group
Her husband and her brother-in-law are involved in a dairy business. They have buffaloes at home from which they get milk and earn income. Earlier, they worked together but now her brother-in-law has started his dairy business independently. Her husband taught him and guided him a lot in this business and feels happy to see him working with great dedication.
Tasleem Kosar has requested a loan from Kiva partner Asasah for the growth of her brother-in-law’s business. He will use the loan to buy a buffalo to get milk for reselling. She is hopeful that he will be established with his business after the loan investment.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Tasleem Kosar”.
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