Tahira has four sons and two daughters. By being a teacher, she knows the importance of education. She has enrolled all of her children in school, except her oldest one who didn’t show an interest in education. After he passed the 10th standard, he left school and now works in a private firm for a meager income.
With the loan amount, Tahira's husband will buy stamp papers in large quantities to sell to his customers. She is hopeful that this loan will help her husband improve his business. She is a regular loan user of Asasah. In previous loan years she has proven herself to be a responsible client who paid her installments on time and attended every meeting.
Note: In the picture, the lady who has raised her hand is Tahira.
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