Noor Elahi's Group
Her three sons work as salesmen while her elder daughter sews clothes.
Noor also works, making Paranday (an ornament used to tie-back hairs) and elastics. These are high demand products and she receives good amount of profits from her business every month.
She has applied for a loan from Kiva partner Asasah for her husband who prepares bakery items and supplies different bakeries. With the loan, he will buy flour, oil etc to prepare larger quantity of bakery items to be able to increase his sales and profits.
Noor is very confident about her husband’s business and very much sure that an investment will bring positive financial changes to his business.
Note: “In the photo, the lady hold a book (called Asasah Passbook) is Noor Elahi”
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