Ameena Bibi's Group
Ameena bibi herself is a caring & supportive lady by nature. She finishes her household responsibilities on time and also does sewing work part time. She does this work to supplement the income of her family. She makes the utmost effort to provide comfort to her family by fulfilling their needs.
She has applied for a loan from this Kiva partner for her husband’s business. He will invest the loan in the buying of crushed woods for reselling. Ameena is hopeful about the positive financial growth of her husband’s business after the loan investment.
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