Bebe Khowani Group
Zarmina has a beauty salon where she works and through which she supports both her children and her husband. She has been involved in this business for more than ten years and she is quite experienced.
Zarmina needs the loan to purchase a new suite of furniture and new quality cosmetics for her salon. She hopes to grow her business and to be a better beautician.
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