She is 40 years old and is involved in an embroidery business. She makes embroidered clothes on orders, which she receives from her neighboring customers, and earns income by completing them on time. She is very skillful in her work. Due to her quality work, she gets regular orders every month. She chooses this profession because she likes it. She crafts beautiful designs on clothes, which helps her to attract more people toward her work. Her earning allows her to pay for the utilities expenses of her family.
Her husband is a private entrepreneur in a fertilizer and seeds selling business. Because Vehari city is famous for its agricultural industry, that’s why most people are in the agricultural profession. His work gives him good income because he approaches a good number of farmers and they give him a good number of orders to fulfill.
Manzooran has applied for a loan from Kiva partner Asasah for her husband’s business. With the loan, he will buy fertilizer and seeds in larger quantity to fulfill larger orders on time and to increase his income. Manzooran is hopeful that through this investment, her husband will be able to grow his business and increase his monthly income.
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