With the loan investment, he will buy new tractor tires which will allow him to perform his work better and offer better quality service to his customers.
Hameedan stays at home and performs her household duties. She is a very active, caring lady and takes care of her family very well.
She is hopeful that her son will be able to increase his income after investing in the loan as he is the only earning person in the family.
In the photo, the lady holding a book called Asasah Passbook is Hameedan.
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