Farhat is 27 years of age. She is married and has no child yet and lives in her father’s home.
She has applied for a loan from KIVA partner Asasah for the improvement of her brother’s livestock business. With the loan investment, he will buy another buffalo that will allow him to get a larger quantity of milk and increase his sales and profits.
He is new in his business and Farhat is hopeful that an investment will help him earn higher profits and get more established in his business.
Note: In the photo, the lady holding a book called Asasah Passbook is Farhat.
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.