With the loan investment, he will buy ingredients such as cooking oil, spices, lentils, chick-peas, rice, etc., in larger quantities to make better quality food and larger quantities of food for his clients. This will help him improve his income. Perveen is confident that her husband will be able to earn more profits from his business after investing the loan.
She is also a working lady and sells vegetables from her home. She charges very reasonable rates and offers fresh seasonal vegetables to her customers.
She has given birth to a daughter who is 13 years old and helps her with her household responsibilities. Perveen is confident about her family’s bright future as a result of loan investment into her husband’s business.
Note: One of the members has a sewing business; that is 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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