He is new in this business: he started it only a year ago. Sadaan is hopeful that an investment will help her son establish his business and increase his profits.
Sadaan herself is a seamstress and sews clothes for her neighboring clients. She is very skillful and receives regular orders every month. Besides her work, she also performs her household duties very well.
Sadaan is a new loan user of Asasah and this is her first loan application to Asasah.
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