Rehana is the mother of 3 children. All of them are enrolled in a local school and getting their education. She is very active and performs her household duties very well. She is also a great administrator and manages her family expenses very well. She is hopeful that after the loan investment, her husband will be able to increase his profits and help her family to live better financial life.
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