Nafees Begum's Group
She has been operating her business for past 10 years. She does this work to supplement the income of her family.
Nafees is a mother of four children: two sons and two daughters. Her elder son works in a private company and the younger one is in class one, while her younger daughter is in 4th standard.
Nafees is hopeful that the loan investment will bring positive financial changes to her business and increase her sales.
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