Her husband name is N. A. who works in a factory on monthly wage. Sheedan is a very hard-working lady. She deals with clothes. She has been doing this for over 30 years. It is an achievement that she married off her elder daughter with her own earnings. She feels proud when she thinks over it. She has crossed 50 years of her age but she never loses her stamina. When she held her grandson in her arms she has decided that she will sell the children garments as well.
Her grandson has become one year old and the cloth he wears is the choice of Sheedan. To expand her children garments business she required a loan of worth Pak Rs. 20,000.
She has two other ladies in her loan group. Nusrat wants a loan to buy groceries for her grocery shop. Parveen wants a loan to buy an electric sewing machine for her sewing clothes 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