Her husband is a driver by profession and is the only breadwinner in family. He also runs a business of selling animals. He buys goats and sheep in their early age, raises them and sells to butchers for profit.
Bushra is a housewife who stays at home and does her household responsibilities. She also provides full support to her husband in operating his animal selling business. In his absence she takes care of the animals and gives them food.
She has applied for a loan from Kiva partner Asasah for the further expansion of her husband’s animal selling business. With the loan investment he will purchase goats and sheep to sell for profits after raising them.
He has been operating his business for the past two years and Bushra is very confident that an investment will be productive for him and will increase his income.
She is a new loan applicant of Asasah.
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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