Irshad Bibi's Group
Her husband works in animal sales. He buys young animals from the animal market and sells to customers after raising them. He has been operating his business for over 10 years and has a good reputation among his customers for his knowledge about animal breeding and behavior.
Irshad has applied for a loan from Kiva partner, Asasah, for her husband’s business. He will use the loan to buy a buffalo.
Irshad is hopeful that her husband will earn better profits from his business 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