To earn a living, Answer operates a jewelry-making business. At the same time, she effectively manages her household responsibilities. Due to the high-quality service she provides, she has both commercial (different jewelers throughout the city) and residential clients (community members who place regular orders with her).
Anwer hopes that her loan application through Asasah will benefit her jewelry-making business by increasing her profits. With the loan proceeds, she would like to buy wires, beads, and glue in bulk, which she will use to make jewelry in bulk for re-sale purposes. This would be her first loan through Asasah, and she plans on saving the money she expects to earn as a result of the loan for when she is older.
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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