Maqboolan is a very talented lady, operating a business making strainers. She makes very traditional strainers from bamboo (an item used to filter out the dust of wheat, rice, lentils, etc.). This is her family's business. She operates it with her husband.
Her husband purchases bamboo sticks. They both make different designs of strainers and also trays (to serve food) to sell to different markets and shops.
Maqboolan has applied for a loan from KIVA partner Asasah for the further expansion of her family business. With the loan, her husband will buy bamboo sticks in larger quantities that will help in fulfilling orders on time.
Maqboolan and her husband are very experienced in this business and confident about their success as a result of the loan investment.
Note: One of the members has a sewing business--that's why she is showing it in the picture.
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