Khursheed Bibi's Group
Her daughters stay at home and help Khursheed by managing the household works. They all are very supportive towards each other. Khursheed grew up her children with great care after the death of her husband. She never lost hope and works hard. Her family respects her and loves her a lot for her efforts and dedication towards their selves.
Khursheed has requested for a loan from Kiva partner Asasah for her son’s scrap business. He will invest the loan in buying of scrap like plastic bottles, used papers and wooden & iron items for reselling.
She is hopeful that her son will get better financial results from his business after the 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