Mussarat is 48 years old and a mother of 5 children. She stays at home and takes care of her family by fulfilling their needs. Her husband is very experienced in his business and has been operating it for the past many years. Mussarat is hopeful that an investment will help him expand his business and improve the financial condition of her family.
Note: “In the photo, the lady holding a book (called Asasah Passbook) is Mussarat”.
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