Shaheen Bibi's Group
Shaheen bibi's husband has owned a barber shop for the past 10 years. He has a good reputation and a deep understanding of local consumers. He is becoming well known in his area. He will use this loan to purchase chairs to provide better seating arrangements, scissors and beauty products (face creams, masks, etc.) for his barber shop. Shaheen is hopeful that her husband will be able to gain more profits after the loan investment and to provide a better life to the family as a whole.
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