Ameeran has been operating this business for many years and has a lot of experience. Her customers are very happy because her animals are very healthy and provide good quality and quantities of milk.
Ameeran is hopeful that her husband’s business will improve further and her family will be able to live a better financial life. She is a housewife but in her spare time, she offers full support to her husband in his business. She has two sons, the eldest is a farmer while her youngest son is 16 years old and stays at home.
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