She has applied for a loan from Kiva partner Asasah for her husband who sells wheat and other agricultural produce. He purchases this agricultural produce from different farmers and sells it at a profit.
With the loan investment, he will buy wheat, rice, etc. in larger quantity that will allow him to fill larger orders on time and increase his profits. He has been operating his business for the past many years and is well-known for his good behavior and professional attitude.
Shareefan is confident that his business will further improve after investing the loan into it.
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