She is very active and a mother of three daughters and a son. Her elder daughter is illiterate and the others are continuing their studies. Nasreen is very skillful and also knows the art of sewing. She works for her neighboring clients in her spare time and earns a reasonable profit. She is confident about her family’s bright future as a result of her business improvement.
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