Shazia is a seamstress who sews clothes for her neighboring clients to earn profits for her family. She is also a very good housewife and takes care of her household work very well. She is the mother of four sons and two daughters. She couldn’t provide education to her children due to financial constraints
She is very positive in her thinking and very much sure of her husband’s business success after investing the loan.
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