Noshaba runs a sewing center where she teaches the neighborhood girls sewing skills and also sews clothes for her customers. Her husband runs a school where he teaches the neighborhood kids.He has a Master's degree and teaches the children to use their talents so that they will have bright futures.
Noshaba has requested a loan from Kiva partner Asasah for her sewing center business. She will use the loan to buy a sewing machine and thread to improve her business. She is confident that this loan will help her business grow.
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