Shazia is a housewife, staying at her home and doing her household responsibilities. She is very active in her work and takes care of her family very well. She has given birth to four children. Three of them are studying while the youngest one is not of school-going age yet.
Shazia is confident that an investment will help her family to live a better financial life by improving her husband’s business.
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