Her husband is an animal seller and sells animals to butchers and other people. Bushra is the mother of three sons and a daughter. All of them are enrolled in a local school and getting their education.
She has applied for a loan from KIVA partner Asasah for her husband’s business. With the loan investment, he will buy a buffalo that will allow him to earn more profits by selling its milk and also by selling it later.
Bushra has a lot of confidence in her husband. She is very much sure that he will successfully be able to improve his business 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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Success!! The loan was 100% repaid