She is very talented lady who keeps herself updated about the latest trends and fashions. With the loan, she will buy clothes in bulk quantity with different varieties for the expansion of her boutique business.
Parveen is the mother of two sons. Each is involved in different work.
She is hopeful that her business will be expanded further after the loan investment and her family will be able to live a better financial life as a result.
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