Her husband does a job for a low income which is not enough for the whole family. That’s why Rehana started her business a few years ago to support her husband financially. She has given birth to 2 daughters and a son. All of them are enrolled in local school and getting their education. Rehana also performs her household duties very well along with her business and her family is very happy with her efforts.
She is confident about her business success as a result of a loan 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