A very caring lady, Nazia stays at home, manages the household chores and takes care of her family. Her husband's name is S. M.. He is painter by profession and paints walls and homes. He has a business place in the market where he advertises his services to people and other construction companies.
People and construction companies make contracts with him and he meets their work on time to earn good income.
Nazia has applied for a loan from Kiva partner, Asasah for her husband’s business. With the loan amount her husband will buy paint boxes of different colors for his painting business. The paint boxes will enable him to finish the painting work on time and build up his regular customer base.
Nazia is hopeful that this investment will prove beneficial for her husband’s business and he will be able to grow his business on a larger scale by increasing his clientele base.
Note: “In the picture, the lady who is raising her hand is Nazia”.
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