Samina Parveen's Group
She is a very skillful woman and keeps herself up-to-date with the new embroidery fashions. Fortunately, her creativity helps her to make new designs in her mind and try to realize them on the clothes. She says that she is blissful by the grace of God that He has caused her to be born with this talent.
Her customers admire her work and give good orders to her. She works hard to manage the orders on time. More than that, she loves her work because it has given her a good business which continues to improve her financial situation.
With the loan she will buy embroidery materials such as clothes, colored thread and beads in bulk which will help her fulfill larger orders in time.
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