Akhtar Bibi's Group
Akhtar’s husband is a building constructor. Akhtar herself is involved in a animal sales business. She purchases young animals from the animal markets and sells to the required customers after raising them up. She loves doing her work. Akhtar has been in this business for over 10 years and in these years she has acquired a good reputation among her customers.
She has applied for a loan from Kiva partner Asasah for her animal sales business. She will invest the loan in buying animal feed in a larger quantity so she can provide healthy feed to her animals so they become healthy and she gets good income on sales.
She is very confident about the positive financial growth of her business after the loan investment.
Note: “One of the members has a sewing business that’s why she is showing her sewing work in the picture”.
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