A very caring lady, Azeem manages her domestic chores and takes care of her family very efficiently. Her husband operates a DVD selling business. He sells the veritable DVD and movie tapes. His variety in items helps him to approach more customers in his shop. He is very active in his work. He writes the demands of his customers in a notepad and arranges them on an urgent basis, which gives a nice impression to its customers. He has been doing this work for over 10 years.
Azeem is applying for a loan from Asasah to invest the capital in her husband’s business so he can purchase more DVDs and movie tapes and complete the order of his customers.
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