With the loan investment, he will buy snack making ingredients such as cooking oil, spices, etc in larger quantity that will allow him to make better quality snacks and increase his sales and profits.
Maqboolan is hopeful that an investment will help her husband earn more profits from his business by utilizing the loan in positive way.
Maqboolan herself is also a working lady and she operates a grocery store at her home through which she offers grocery items to her clients for low rates.
In her spare time she also sews clothes for her neighboring clients and earns a reasonable amount of income.
She is the mother of four sons and a daughter. All of her children are enrolled in local schools and are getting their education.
She is hopeful that her children will be able to continue their education as a result of her husband’s better business conditions after receiving the loan investment.
Note:"In the photo, the lady holding a book (called Asasah Passbook) is Maqboolan."
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