She is confident that her business will get more successful as a result of a loan investment. She is very experienced in her business and has good business contacts.
Her husband is a property dealer and deals in property.
She has given birth to two sons and a daughter. Her eldest son is a driver while the younger one is a laborer. Her daughter stays at home and helps Safia in her routine tasks.
In the picture, the lady holding a book (called Asasah Passbook) is Safia.”
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