Sharifan herself is a very dedicated woman. She operates a decoration pieces sales business. She does this work to supplement the income for her family. Her collection of decorative mirrors and vases are her main items. She has good demand for her decoration pieces among her customers. She earns good profit on each piece.
Sharifan has been doing this work for over 10 years and has got a good reputation among her customers for her good range of items. She has applied for a loan from Kiva partner Asasah for her decoration pieces sales business. She will invest the loan in buying of decoration pieces (mirrors and vases) in larger quantity for reselling. She is hopeful that the loan investment will bring positive financial changes to her business.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Sharifan.
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