She is very dedicated and hard-working. After seeing her efforts, her daughter has also started helping her manage her business. Fozia feels happy to see her daughter’s care and sense of understanding towards her.
With this loan, Fozia will purchase flowers and thread in bulk to be able to prepare flower brocades in larger numbers to sell for a good profit.
In the future, Fozia would like to save money to expand her business to a larger scale.
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