She is a seamstress and her clientele base is her neighbors. Although she works seven hours a day, she manages her house very efficiently. She takes care of her son and her husband as well.
Her husband's name is I. A.. He operates an electric shop where he sells electric supplies such as wires, switch boards, and tube lights in the market. His earnings allow him to manage the financial expenses.
Zubiada is applying for a loan for the first time from Asasah to purchase electric supplies in bulk to increase the profit of her husband's 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