Her husband is a daily-wage laborer and also does the business of animal selling. He thinks that there is potential in this business; that’s why he wants to expand it.
Zarina is also a very caring lady. She takes care of her family and manages the household chores. She also takes care of the animals. Presently, they have a buffalo at their house.
Zarina bibi has applied for a loan for her husband. He can buy more animals and improve the financial conditions of their family.
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