With the loan investment, he will buy tires and repairing tools that will allow him to provide better quality repair services to his customers and improve his business.
He is very good at his work and has great technical skills. Farhat is confident that her husband’s business will become more profitable after the loan investment.
Farhat is the mother of two sons. Both of them are studying in a nearby school. She is also a very hardworking lady and works as a lady health worker in her region.
She is confident that her family’s financial future will be improved after investing the loan into her husband’s 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