Tahira Bibi's Group
Her father-in-law and brother-in-law also live with her family and they all including her husband are involved in wheat & grains selling business. They have been in this business for over many years but her husband started this business 5 years ago.
They purchase these products from the farmers on wholesale and sell in markets on profits. They earn good income from this business which helps them running the financial circle of the family.
Tahira herself is very caring lady. She spends her time at home and manages the household responsibilities. She tries her best to provide comfort to her family by fulfilling their needs.
She has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy grains and wheat in larger quantity for reselling.
She is very confident about the positive financial growth of her husband’s 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