With the loan investment, she will buy embroidery material such as thread, beads, and embroidery frames in larger quantity that will allow her to make better-looking clothes and increase her profits.
Seema is the mother of a son and a daughter. Her son is a tailor while her daughter works with her and helps her fill the clients orders on time. Seema is very confident that her business will grow further after investing the loan.
Note: In the photo, the lady holding a book called Asasah Passbook is Seema.
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