Shazia herself is a working woman and also performs her responsibilities of a wife and a mother very well. She operates a clothing sales business. Besides her work, she has a set routine to get up early in the morning to ready her kids for school and prepare breakfast. She makes the utmost effort to provide comfort to her family by fulfilling their needs.
She operates the clothing sales business to supplement the income for her family. Her husband works in a private company for a monthly wage. The additional income helps Shazia afford the education expenses of her children and the utilities expenses.
She has requested for a loan from Kiva partner Asasah for her clothing sales business. She will invest the loan to buy clothing in larger quantity for selling. She is hopeful that her business will bring better financial results for her business from this 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