Kosar is also a working lady and supports her family by sewing clothes for neighborhood clients. She has good sewing skills and receives regular orders every month due to her good quality work.
Kosar is the mother of five children. As mentioned earlier, her eldest son operates a fruit sales business. Her two other sons work with their father in his furniture polishing business, and both of her daughters support her in her sewing business.
Kosar is very confident that her family’s hard work will pay off one day, and they will be able to better their financial situation in the near future.
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