She is married with four children who are all in boarding schools and she is grateful that she has been working hand in hand with her husband who is the Deputy Headmaster of Naalya SS.
She needs a new loan to help with recapitalizing her shop with more sugar, rice, soap and milk that she buys in large quantities for profitability.
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