She started operating a bangle-selling business. First she went door-to-door to reach out and obtain clients in various places. But now she has obtained a good number of customers. Her selling is not limited to the community but it has gone out of the community as well. She receives orders from the bangle shops too and earns good profit.
Her family consists of five children: three sons and two daughters. She does this work to give them a good future. She is requesting a loan to expand her bangle-selling business so she gives her children a better future and fulfills their desired needs.
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