Amna Mai's Group
Amna and her husband are by nature very hard-working persons. They own and operate an animal sales business. Their work is home based. Amna’s husband purchases the animals from an animal market and sells to the required customers for a profit.
Amna has requested a loan from Kiva partner Asasah for their animal sales business. They will invest the loan to buy an animal (buffalo) to sell. They are very confident that their business will return them good earnings after this 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