Husna has four children: two sons and two daughters. Three of them are getting their education while the oldest son is also a goldsmith. Husna is a very kind and supportive woman by nature. She enjoys her sewing business and the income from it encourages her to earn more for her family. She has applied for a loan from Asasah to purchase an electric sewing machine for her business. This will help her to sew more clothes 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