She herself is a housewife, stays at home and does her household work. Among her three sons only her eldest son is able to attend school due to financial constraints. He is studying in 4th class while the others stay at home and don’t study. Hussainia’s husband is a daily wage laborer.
She has applied for a loan from Kiva partner Asasah to help her brother-in-law with his animal sales business. With the loan, he will buy some goats and resell them at a good profit. Hussainia knows that her brother-in-law has been doing this business for many years and he has good experience in this field so he will utilize the loan money in a positive manner and improve his business conditions.
She is a regular loan user of Asasah and this is her 2nd loan application. In the previous loan year, she has built a good credit behavior and attended every meeting.
Note: In the photo, the lady with a book (called Asasah Passbook) is Hussainia.
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