She herself is a housewife as well as a working lady. She manages her household and also operates a clothes-making business at her home. She does this work to supplement the income of her family. She receives orders from her neighboring clients and earns good money by completing them on time.
Kaneez has applied for a loan from Kiva partner Asasah for her husband's business. With the loan, he will buy groceries in bulk to put into his store. He has been operating this business for the past five years and Kaneez hopes that an investment will help him in making his business better and provide a better financial life to the family.
She is a regular loan user and this is her third loan application to Asasah. In previous loan years, she has maintained a good credit behavior and never missed any meetings.
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