Bashiraan is confident that a loan investment will help her son make more profits from his business. She is also the mother of four other children. Two of them work while her two daughters are studying in nearby school. Bashiraan is a great mother and takes care of her family very well. She is very much sure about her son’s business success as a result of loan investment.
Note: In the photo, the lady holding a book (called Asasah Passbook) is Bashiraan.
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