He has operated his business for the past many years and Samina is hopeful that an investment will help him earn more profits from his business. Samina is a housewife who stays at home and does her household responsibilities. She is the mother of 4 children, 3 of them are studying in local school. She is confident about her husband's business success after a loan investment.
Note: The lady holding a passbook in her hand is Samina.
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