Abida also supports her family financially by operating a sewing business. She has great technical skills and sews beautiful looking clothes. Due to her good quality work, she receives regular orders every month.
She has given birth to three children. Two of them are studying while her youngest daughter has not started her education yet.
Abida is very hopeful about the positive growth of her husband’s business as a result of this loan investment.
Note: In the photo, the lady holding a book called Asasah Passbook is Abida.
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