Shazia Parveen's Group
She is a very supportive lady by nature. She supports her husband in his shoe making business by making shoes. They work with each other so that her husband can finish the orders on time and be able to feed her family.
Besides this, she completes her household responsibilities very efficiently. She provides comfort to her family by fulfilling their needs. She also gives time to her children so they never feel ignored. She is raising them with great care and discipline.
She has requested a loan from Kiva partner Asasah for the further growth of her husband’s business. With the loan, he will buy leather, a shoe-polisher and nails in a larger quantity to be able to make more shoes so as to generate more revenue.
He has almost fifteen years of experience in this work and Shazia is hopeful that the loan investment will bring better profits to his business.
Note: “One of the members has an embroidery business. That’s why they are showing the embroidered dress”.
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