Ulfat also makes shirt collars to order and earns a reasonable amount of income from her business. The earned income helps her pay utility bills. Besides her business, she carries out her responsibilities as a housewife very well.
Her husband operates a sanitary supplies business. He also offers his customers sanitary fitting services as well. He makes deals with different people who are looking for sanitary work for their homes.
Ulfat has applied for a loan from Kiva partner Asasah for the betterment of her collar-making business. With the loan, she will buy cloth and thread for making collars in larger quantity to be able to fill orders on time and earn more profit. She has been operating her business for the past three years and hopes it will improve further after the loan investment.
Note: In the photo, the lady raising her hand is Ulfat.
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