He is a very talented person and receives a good number of orders every month due to his good quality work. He can sew shalwar kameez (traditional garments of South and Central Asia), pants, and shirts of different styles, and charges very reasonable rates for his services.
Rehana is also a seamstress and sews clothes for her neighboring female clients. She started this business to support her husband financially.
She is the mother of four children, all of whom stay at home and don’t do anything.
She is very hopeful that after investing the loan, her husband will be able to gain larger profits and she will be able to send her younger children to school for education.
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