Her husband does a job. Alam is the mother of a daughter who is 18 years old and stays at home and helps Alam in doing her household tasks. Alam is confident about the bright future of her family and is very sure that her improved business will allow her to save some money for the marriage of her daughter in near future.
Note: ”In the photo, the lady holding a book (called Asasah Passbook) is Alam.”
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