Sughran is a seamstress and sews clothes for her neighboring clients. She has applied for a loan from Kiva's partner, Asasah, for her husband’s second business which is selling milk. With the loan he will buy a buffalo to get a larger quantity of milk to sell to the community. Sughran offers her full support to her husband in his business and takes care of the animals as well. She is hopeful that the loan will help her husband to improve his business further.
Note: in the photo, the lady holding a book called Asasah Passbook is Sughran.
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