Her husband is involved in the dairy business. He has a buffalo, from which he gets milk and sells to community clients and milk shops to earn a better income.
She has applied for a loan from Kiva partner, Asasah, for her husband’s dairy business. With the loan investment, he will buy another buffalo for getting a larger quantity of milk to sell to his clients.
He is an experienced person in his business and well known among his community people for his good quality services and professional behavior.
Shazia is confident that by purchasing another buffalo, her husband will successfully be able to put his business in a more profitable position.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Shazia.
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