Elahi Hussain's Group
Her remaining children are involved in different works. Her elder son operates a sweetmeat shop while her other three sons works in a motor workshop as mechanic. Her elder daughter helps Elahi in completing the embroider orders and generating the income for the family.
Elahi’s husband is also a mechanic and runs a motor workshop where his sons help him in repairing the vehicles of customers.
Elahi has requested for a loan from Kiva partner Asasah for her son’s sweetmeat business. He will invest the loan in buying of material like sugar, cooking oil, milk and dry fruits in larger quantity for making sweetmeats in better quality for selling to his customers and increasing his sales.
She is very confident that her son will make the positive use of money and expand his business further.
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