She performed her duties as a seamstress and started getting orders from her neighbors. She made her neighbors become regular customers due to the good-quality work she produces. Now she receives regular orders every month which enables her to generate income for her family.
She also has a buffalo whose milk she sells to her neighborhood clients and milk shops to earn extra profits. Surriya has applied for a loan from Kiva partner Asasah for the further expansion of her milk-selling business. With the loan, she will buy another buffalo that will allow her to get larger quantities of milk and increase her profits. She is hopeful that this investment will be more profitable for her.
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