With the loan investment, Shameem's husband will purchase animal feed in larger quantities that will allow him to sell more and earn higher profits. He lives in the city that is famous for its' agricultural industry and most people there are associated with the farming and livestock profession. Animal feed is a high demand product.
Shameem is very supportive and sews clothes for her neighboring clients to financially support her husband. She has given birth to 4 children, all of whom are enrolled in the local school and getting their education. Shameem is hopeful that an investment will help her husband earn better income for the family and she will be able to continue providing education to her children.
Note: “In the photo, the lady holding a book (called Asasah passbook) is Shameem.”
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