With the loan investment, her son will buy a sewing machine and also hire a worker that will allow him to complete the client orders on time and increase his income. He is very good in his services and receives large number of orders every month. A worker and a new sewing machine will help him complete those orders on time.
Aziz is also a seamstress. She is expert in ladies' clothing and sews clothes for her community clients. Her husband does a job while her two children also contribute to the family financially by working.
Aziz is very hopeful that her family’s financial condition will improve with the betterment of her son’s tailoring business.
Note: In the photo, the lady holding a book called Asasah Passbook is Aziz.
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