With the loan, he will buy garments in larger quantities which will help him offer more variety to his customers and earn bigger profits. Naseem is confident about the positive growth of her husband's business and about the better financial future of her family.
She herself is a housewife and stays at home to perform her daily household duties. She is a very active and responsible person and does her duties very responsibly. She has given birth to eight children. Her two elder sons operate an embroidery business; the other four are enrolled in a local school and are getting their education and stay at home.
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