Waziran Riaz Ahmad Group
They are both involved in a decorative-embroidery business. They take orders from the clothes shops and prepare an embroidered dress in fifteen days to earn income. Their families are very happy with them. They respect each other a lot. There's just one difference between them otherwise they are equal: Waziran baji is the leader of Saiqa baji.
They both are applying for a loan to buy material (beads, colored thread and cloth) to expand their decorative-embroidery business.
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