With the loan investment, he will buy tents and other catering materials that will allow him to offer better services to his customers and increase his income.
Samina is the mother of two sons and three daughters. Her elder son operates a welding business while two of her remaining children are getting their education.
She is a housewife and performs her household duties by staying at home.
Samina is confident that the loan will be productive for her husband in his business and her family will be able to have a better financial life as a result.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Samina.
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