Niaz Bibi's Group
She is also a very caring lady. She is growing up her children with great care and discipline so they make their parents proud. Her husband is a talented man. He operates a computer repairing shop where he repairs computers and also sells computer accessories. His customers are very satisfied because of his good work and they can trust him.
Niaz has applied for a loan from Kiva partner Asasah for her husband’s business. He will invest the loan in the buying of computer accessories and repairing tools so he will be able to uplift his business and improve his income. She is hopeful that her husband’s business will be established further 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