Nasreen Kosar's Group
It is not easy for her and her husband to fulfill the basic needs of their family that’s why they both work hard to manage the financial expenses. Nasreen wants to buy some latest medical tools for her work that’s why she has applied for a loan from Asasah.
She is a second year member of Asasah and in the first year she built a good record of repayments and never missed any meetings. She hopes that this loan will also help her in improving her work.
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