Shah Begum's Group
Shah begum is also very skilled. She sews clothes and does decorative embroidery work. She learned this art from her mother before she got married. Now she earns good income from her skills which allows her to pay the utilities.
She has given birth to four sons; three of them are married while her youngest son is in 7th grade.
She has applied for a loan from Kiva partner Asasah for the betterment of her husband’s business. With the loan, he will buy milk, sugar and bottles of Sprite in larger quantity to provide better quality drink to his customers and increase his sales.
He has been operating his business for many years and Shah begum is confident that an investment will help him increase his profits.
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