Saiqa is a married woman and she has three daughters. Her elder daughter reads in 10th standard, the next is in 5th standard while her youngest one is in 4th standard. Her husband is a driver by profession and drives a rickshaw. He provides transportation facilities to his passengers and charges fares which he sets according to the route. His fares are very affordable for his passengers.
Saiqa and her husband both are very hard-working persons. They are bringing up their daughters with great care and providing them better education so they gets good opportunities in life. Saiqa is hopeful that the loan investment will bring positive financial changes to her sewing business.
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