Fakhar-un-nissa is married and her husband has a construction supplies business. She is the mother of 8 children -- 3 of them work while the others are studying in different classes. Fakhar-un-nissa is also a very good mother and housewife. She fulfills her household responsibilities and her family respects her very much.
Fakhar-un-nissa has applied for a loan from Kiva partner Asasah for the further expansion of her business. With this loan, she will buy clothes in bulk which will allow her to offer more variety to her clients and increase her sales and profit. She has been operating her business for past 10 years and is confident about her success after the loan investment.
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