Suraiya Bibi's Group
All of Suraiya’s daughters are seamstresses. In the past they helped Suraiya complete her orders; now they have gone into this work professionally. In this way they all do sewing work and financially support the family from their earnings.
After losing her husband, Suraiya worked resolutely, knowing that her children’s care was her responsibility now. She is a very brave lady who stands strong in the face of any crisis. Her children are very much attached to her because they know how she alone has born all the responsibilities inherent in raising a family.
Suraiya’s group has requested a 95,000 PKR loan from Kiva’s partner Asasah. Suraiya plans to use her portion of the loan to invest in one of her son’s business. With this money he will buy a variety of clothes in bulk to sell. Suraiya is very confident in the positive financial outcome of her son’s business after her investment.
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