Fozia is a good cook. She has learned cooking in a very early age by seeing her mother. She prepares good quality food and serves to her children and husband. Her husband name is N. A. who has a vegetable selling business. He sells vegetables on cart. He attracts the customers by making loud voice about his products on various areas.
He has a good number of customers because of his good quality and fresh vegetables. Fozia is asking for a loan to buy the seasonal vegetables in order to expand his business.
She has three other women in her loan group. Razia also wants a loan to buy seasonal vegetables to resell. Rani wants a loan to buy seasonal fruits for her fruit selling business. Sara wants a loan to buy leather to resell.
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