She is the mother of a son and daughter who couldn’t get an education due to financial constraints.
With the help of a loan, Nazeeran will buy different crockery sets, cups, etc. for her husband to sell. She wants him to be successful in his business and that’s why she always supports him through every difficult time. This is the first time she has acquired a loan from any MFI, and she hopes that her husband will be able to improve his business. With the help of this investment Nazeeran’s family will be able to enjoy the basic necessities of life.
Note: In this photo, Rabia, a group member, shows her clothes selling business.
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