Yasmeen Akhtar's Group
Yasmeen is a housewife, preferring to stay at home and manage the household works. She has a set routine to wake up early in the morning and prepare her kids for school and prepare breakfast for the family. She makes the utmost effort to provide comfort to her family by fulfilling their needs. Yasmeen’s husband is a motor mechanic by profession and provides motorbikes repairing services to the customers. He is very efficient and experienced in his work and has been doing it for over many years.
Yasmeen has requested a loan from Kiva partner Asasah for her husband’s business. He will invest the loan by buying the latest repairing tools to provide better services to his customers and earn better profits.
Yasmeen is very confident that the loan investment will bring positive financial changes to her husband’s business.
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