Nazeeran has given birth to four sons and a daughter. Her two elder sons work and her youngest son is studying. Her remaining children remain at home.
Nazeeran has applied for a loan from KIVA partner Asasah for her bedsheet selling business. With the loan investment, she will buy bedsheets in larger quantities and of different varieties that will allow her to complete larger orders on time and increase her sales and profits. She is an experienced business lady and has been operating her business for some time now. She is confident that her business will become more profitable after investing the loan.
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