With the loan investment, Azra will buy thread and beads in larger quantity for making Prandas in larger quantity and she will buy elastics to sell. She is very experienced in her business and has a good number of business contacts.
Her husband is an expert in furniture manufacturing and sells his furniture for a good price. Azra has given birth to four sons and a daughter. Except for her youngest son who is two years old, all the others are enrolled in local school and getting their education.
Azra is confident about her business improvement after the loan investment.
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