Noor Jahan's Group
She sells her goods within her neighborhood and also to the clothing shops, delivering the finished products to the designated places. She also sells bangles to earn extra income, but that is not her primary business.
Noor Jahan has applied for a loan from Asasah (a microfinance institute in Pakistan). With the loan amount she will buy materials like clothes, threads, and beads in bulk. She will also hire a worker to help her fulfill the larger orders in time.
She is hopeful that she will be able to bring positive financial changes to her family.
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