She is very experienced in her work and has been operating her business for many years. She is confident that a loan investment will help her expand her business further.
She is a widow and has two sons and a daughter. After the death of her husband, she worked very hard to raise her children. All of her children have studied till the intermediate level and now do different kind of work to financially contribute to the family.
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