She is very talented in her profession and her clients are very happy with her professional services.
With the loan investment she will buy different beauty products such as creams and shampoos in larger quantities and of better quality that will allow her to improve her services further and increase her income.
Along with her business, she also performs her household duties and raises her three daughters and two sons very well. All of her children are enrolled in the local school and are getting their education. Hameedan wants them to become successful in life after completing their education.
She is very confident that she will be able to improve her business after investing the loan.
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