Shaheen is a very active lady and performs her household duties very well. She also has a buffalo at home. She sells its milk to her community clients. She is very fair in her rates and has a good number of clients in her area due to the quality of milk she provides to them.
She has applied for a loan from Kiva partner Asasah for the further expansion of her business. With the loan, she will buy another buffalo, which will allow her to sell a larger quantity of milk and increase her profits. She hopes that after the loan investment, her business will grow and increase her income, which will allow her family to have a better standard of living.
She is a new loan applicant and hopes that it will be a profitable experience for her.
Note: In the photo, the lady raising her hand is Shaheen.
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